RALEIGH, N.C. (AP) — North Carolina business recruiters say a historically outsized package of about $100 million in state and local incentives to get MetLife Inc. to move 2,600 jobs from other states to North Carolina could stall benefits to other companies or force lawmakers to loosen up the rules.
State Commerce Department emails released this week in response to a public records request by The Associated Press show recruiters knew their big offer to MetLife would consume a big chunk of the annual limits on how much state officials could promise companies relocating to North Carolina.
MetLife last month was awarded a Job Development Investment Grant worth up to $87 million, the largest in the history of the state's biggest discretionary incentive program. The grant allows the insurance giant to take tax breaks over 12 years if it meets hiring and investment targets.
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