Wake County tightens economic development policy, creates 'transformational project' tier
The board adopted updates to the business development grant policy to simplify tiers, adjust wage thresholds (from 110% to 100% of county average wage for flexibility), and create a transformational-project tier for very large investments; policy remains performance-based with clawback provisions.
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Wake County commissioners voted to adopt a revised business development grant policy that updates wage thresholds, consolidates investment tiers and establishes a new "transformational project" tier for very large capital investments.
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