Mayor Bill Saffo is running unopposed this season for what will be his fifth term serving the City of Wilmington.
As New Hanover County and City of Wilmington officials hand out financial incentives to companies they hope to keep in the Cape Fear region, the state is also considering the effectiveness of incentives.
Business incentives can come in several forms – tax breaks, direct grants, the building of infrastructure – such as roadways or utilities.
As lawmakers in Raleigh consider how to approach the mammoth task of tax modernization, business incentives are poised to be at the center of heated debates.
North Carolina’s tax code is nearly a century old and state lawmakers are looking hard at options to bring the system up-to-date without triggering unintended and potentially negative consequences.