Bill > S664

This bill addresses several key areas of economic development and business regulation in North Carolina. First, it modifies the Job Maintenance and Capital Development Fund (JMAC) by adding more flexibility for businesses in grant agreements, including provisions for employment level maintenance and grant reductions if employment targets are not met. The bill expands the definition of eligible businesses and provides more detailed guidelines for grant agreements, such as requiring businesses to maintain specific employment levels and potentially reducing grants proportionally if employment falls below certain thresholds. Second, the bill amends alcohol beverage laws to allow more flexible "alternating proprietorships" for breweries, wineries, and distilleries, enabling permit holders to share facilities under specific conditions. Third, the bill modifies programs for megasite and selectsite development, expanding the number of potential sites that can be evaluated (from 15 to 20 selectsites), increasing the scope of infrastructure and due diligence support for local governments, and adjusting funding allocation mechanisms. The bill also extends certain moratorium periods and adjusts timelines for economic development project funding. These changes are designed to enhance North Carolina's economic competitiveness, provide more operational flexibility for businesses, and support local economic development efforts.

Business and Industry, Government Affairs, Health and Social Services

https://www.ncleg.gov/BillLookUp/2025/S664