§ 105-129.60. (For delayed repeal, see note) Legislative findings. - North Carolina Statutes

Article 3G.

Tax Incentives for MajorComputer Manufacturing Facilities.

§ 105‑129.60.  (Fordelayed repeal, see note) Legislative findings.

The General Assembly findsthat:

(1)        It is the policy ofthe State to stimulate economic activity and to create and maintain sustainablejobs for the citizens of the State in strategically important industries.

(2)        Both short‑termand long‑term economic trends at the regional, State, national, andinternational levels have made the successful implementation of the State'seconomic development policies and programs both more critical and morechallenging; in particular, national trade policies and the resulting impact ondomestic competitiveness have made the retention of manufacturing jobs moredifficult at a time of transition in the national, State, and regionaleconomies.

(3)        Manufacturingemployment in the State has been disproportionately affected by trade policiesand global economic trends, resulting in the loss of jobs by many in theState's capable industrial workforce.

(4)        Computermanufacturing and distribution has been an important industry for the State andhas prospered in this State due to our strong and productive workforce, focusedworker training programs, research capabilities, tradition of innovation, andconcentration of companies.

(5)        The computermanufacturing and distribution industry will remain a vital part of theworld's, nation's, and State's future economy as society becomes more dependenton advanced computer technology.

(6)        It is the intent ofthe State to encourage the sustainability of this industry cluster in thisState and to encourage the maintenance and growth of computer manufacturing anddistribution employment in the State through tax policies, investments intraining capacity, and other policies and programs.

(7)        The State must be aninnovative leader in creating policies and programs that encourage themaintenance of manufacturing jobs in this country and State and in thedevelopment of efforts to support manufacturers during the transitional periodas they adapt to rapidly changing global conditions. (2004‑204, 1st Ex.Sess., s. 1.)