WGEM.com: Quincy News, Weather, Sports, and Radio2 more companies pass up promised NC incentives
Member Center:
Associated Press - December 29, 2009 3:34 PM ET
RALEIGH, N.C. (AP) - A pair of North Carolina specialty outsourcing companies are forgoing taxpayer grants as the recession hits health care and financial services differently.
A state committee that oversees the major incentives program used to lure expanding companies on Tuesday decided to cancel a 2005 deal with Hewitt Associates Inc. The Illinois-based company had planned to bring 900 new jobs to Charlotte. Those positions didn't happen as the global financial crisis hit the banking city hard.
Hewitt could have collected up to $8 million if it created the jobs and kept them for 10 years.
The committee also accepted an offer by Durham-based global pharmaceutical testing firm Quintiles Transnational to postpone collecting nearly $300,000 in a gesture to help out North Carolina's finances.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
