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 Senator Atwater's Updates



NC Senator Robert "Bob" Atwater



Thank you for your continued support!




SENATOR ATWATER'S TOP PRIORITIES

Creating jobs and boosting the economy.

Fighting for the middle class and working families.

Continuing our progress in education and working to reduce the dropout rate.

Making healthcare more affordable.

Continuing to serve the needs of the military families throughout NC that proudly serve our state and country.



Senator Robert "Bob" Atwater (D - Chatham County, NC)

Office:    312 Legislative Office Building

Phone:    (919) 715-3036

Email:    Bob.Atwater@ncleg.net

Legislative Mailing Address:    NC Senate, 300 N. Salisbury Street, Room 312, Raleigh, NC 27603-5925

Terms in Senate:    3     (0 in House)

District:    18

Counties Represented:    Chatham, Durham, Lee

Occupation:    Retired

Address:    2089 Farrington Point Road, Chapel Hill, NC 27517-7308

Phone:    (919) 933-3937

NC General Assembly Website:   http://www.legislature.state.nc.us/gascripts/members/viewMember.pl?sChamber=S&nUserID=143





2010 BUSINESS ASSISTANCE AND JOB CREATION INITIATIVES



We are helping boost NC's economy by recruiting new businesses and strengthening existing ones—including small businesses.
  • Over $100 million this year
  • $350 million over the next four years


TAX BREAKS FOR SMALL BUSINESSES
 
·      Refundable tax credit for 125,000 small businesses in North Carolina that employ 500,000 people – it lowers the cost of maintaining and adding jobs for the next two years by allowing a refundable income tax credit (on the unemployment insurance tax) equal to 25% of amount business pays in. ($34.1 million)
·      Sales tax prepayment relief for small retailers ($7 million)
·      Helping suffering small businesses with immediate relief--Net Operating Loss allows them to amend prior year tax returns to claim refunds for losses incurred in 2009.


HELPING PRIVATE EMPLOYERS CREATE AND RETAIN JOBS

In the 2010 Budget, we provided funding for business development and job recruitment funds that have helped create and protect tens of thousands of jobs, including creating 5,800 jobs across our state this year.

$20 million for the Job Development Investment Grant program, which provides grants for attracting new businesses and helping existing businesses expand.  Since its inception in 2003, JDIG has created over 12,000 jobs.
 
$12.5 million for the One NC Fund, with direction that 3% of the funds be used to support small businesses.  One NC Fund provides financial assistance to knowledge-based businesses expanding in North Carolina.
 
 $6.5 million for Job Maintenance and Capital Development Fund grants, which helps large employers with over 2,000 employees maintain jobs in North Carolina.
 
 $1.5 million for One NC Small Business Fund, which helps small businesses leverage federal grants.
 
$5 million for regional economic commissions that promote state’s seven regions and attract new businesses and employers.
 
$1.5 million for Main Street Solutions – a program run by the Department of Commerce with grants to help bring small businesses back to downtown areas and create jobs in smaller communities
 
$1 million for Energy Research and Green Jobs grant program at the Department of Commerce available to small businesses and others to leverage federal Department of Energy funds.
 
$150,000 for the InSource NC Network, a database to help NC companies find and use other NC companies for supplies and services.
 
$3.125 million for Home Grown Jobs at the Rural Center which expands the Building Reuse and Renovation Fund – often used to redevelop buildings for use by small businesses; to help bring businesses to small towns.
 
$750,000 for the Minority Support Center for small business loans for those that have limited access to credit.
 
$1 million for the Small Business Assistance Fund, which is run by the NC Rural Economic Development Center and provides loans to help small businesses keep their doors open—allowing businesses with 100 or fewer employees to stay open and preserve jobs.
 
$402,861 more (total $5.7M) for Small Business Centers at 58 community colleges, which supports the development of new businesses and the growth of existing businesses by being a community-based provider of training, counseling, and resource information.
 
$1 million in tax credits for constructing renewable fuel facilities and biodiesel producers (HB 829)
 
$8.9 million for economic and incentives for high-tech jobs at data centers, internet data centers, and pulp-to paper and turbine set unit manufacturing plants (S 1171)


 
$243 MILLION IN ECONOMIC INCENTIVES BEGINNING IN 2011-2012
 
·      A new tax credit for investments in the digital media industry
·      Extension of tax credits for businesses that create new jobs and new investment
·      Enhancements to North Carolina’s film tax credit to increase our competitiveness in film production



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