Because EY chose to locate in Mecklenburg County, classified by the states economic tier system as Tier 3, the companys JDIG
agreement also calls for moving as much as $1,072,250 into the states Industrial Development Fund Utility Account.
This is the third JDIG awarded in 2008 and the 73rd since the program began in 2003.
To date, 60 percent of all JDIGs have been awarded to North Carolina companies.
This INC Research grant is the 66th JDIG
award announced since the program began in 2002 and the 11th grant awarded this year.
We are very pleased to be working with Governor Easley and the State of North Carolina on another JDIG," said Tom Mendoza, president of Network Appliance.
NetApp has been established in RTP since 1999 and received a prior JDIG award in 2004 when it purchased three shell buildings owned by Cisco Systems in Research Triangle Park to expand its research and development operations.
projects result in positive net tax revenue to the state treasury, even after taking into consideration the grants reimbursement payments to a given company.
Because Fibertex Personal Care chose to locate in Randolph County, the companys JDIG
agreement also calls for moving as much as $218,500 into the states Industrial Development Fund Utility Account.
We are delighted that the Economic Investment Committee of North Carolina has chosen us for the JDIG
grant," said Tom Mendoza, president of Network Appliance.
As per the terms of the company s JDIG
award, it is eligible to gain up to 12 annual grants equal to 62% of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award.