Jan 25, 2024 - News

💰 Incentives for development

Atrium Health's innovation district under construction in charlotte

Atrium Health's innovation district under construction in Charlotte. Photo: Alexandria Sands/Axios

Mecklenburg County economic development officials want more say over how and where projects are built in the Charlotte area, Axios' Alexandria Sands writes.

  • How they plan to get it: tax incentives.

What's happening: Commissioners and staff are in early talks about using the financial tool to propel more development and play a more active role in investors' plans.

Why it matters: Tax increment financing could help the county get more parks and affordable housing, invigorate downtowns and spark interest in corridors where investment has lagged, says Roger Johnson, Mecklenburg's ED director.

The latest: The county has used tax rebates in the past to provide financial assistance for Atrium Health's innovation district.

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