JDIG

AcronymDefinition
JDIGJob Development Investment Grant (North Carolina)
JDIGJoint Drug Intelligence Group
References in periodicals archive ?
Because Xerox chose to locate in Wake County, classified by the states economic tier system as Tier 3, the companys JDIG agreement also calls for moving as much as $4,108,250 into the states Industrial Development Fund Utility Account.
Using a formula that accounts for the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential state reimbursement to the company of up to $5.1 million spread over 12 years.
Because ABB chose a location in Orange County, classified by the states economic tier system as Tier 3, the companys JDIG agreement also calls for moving as much as $1,456,500 into the states Industrial Development Fund Utility Account.
VBCs JDIG agreement calls for the company to invest $12,750,000 in the project and also ensures that 70 existing jobs from the prior operation are retained.
Because Parexel chose to expand in Durham County, classified by the states economic tier system as Tier 3, the companys JDIG agreement also calls for moving as much as $1,398,000 into the states Industrial Development Fund Utility Account.
Because Cellectis chose to locate in Wake County, classified by the states economic tier system as Tier 3, the companys JDIG agreement also calls for moving as much as $666,500 into the states Industrial Development Fund Utility Account.
Because AvidXchange chose to expand in Mecklenburg County, classified by the states economic tier system as Tier 3, the companys JDIG agreement also calls for moving as much as $6.5 million into the states Industrial Development Fund Utility Account.
Because Sonic chose to locate in Gaston County, classified by the states economic tier system as Tier 2, the companys JDIG agreement also calls for moving as much as $755,000 into the states Industrial Development Fund Utility Account.
JDIG 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 Pendo chose to designate its corporate headquarters in Wake County, classified by the states economic tier system as Tier 3, the companys JDIG agreement also calls for moving as much as $2.9 million in new tax revenue generated through the grant into the states Industrial Development Fund Utility Account.
The final decision is subject to the recently passed North Carolina Job Development Investment Grant (JDIG) legislation becoming law and the final award of state and local incentives, which the company expects to be completed early next week.
The Advance Auto Parts headquarters location in Wake County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the states Economic Investment Committee earlier today.