Legislators passed several bills last week that were aimed at improving our state’s economy and creating jobs. First, we approved changes to the William S. Lee Act, which has created at least 135,000 new jobs since it took effect in 1996. The program, which is the state’s primary economic incentives tool, provides tax credits to businesses that create jobs in poor and impoverished communities. The state’s 100 counties will now be grouped into three categories, or tiers, instead of five.
Companies that agree to build in 40 counties considered the most economically distressed would be eligible for the highest per-job credit of $12,500. Companies that build in the 20 most economically vibrant counties, largely in the urban
Secondly, we restored a tax credit for television and video production companies that agree to film in