In this downturn economy, it is reassuring that so many companies both large and small are looking to call the Triangle area and North Carolina home. Software company Microsoft is in the market to build a large data storage center facility, and is considering an industrial park site in Alamance County. Pending legislation in North Carolina’s General Assembly could help businesses benefit from a new economic incentive if the legislation passes.
Microsoft is not alone in considering the move to North Carolina to take advantage of this new legislation should it pass. Fidelity Investments is also looking to gain the advantage. If Fidelity chooses to move another data storage facility to the area, that would be their second data center here in the Triangle area.
The state of North Carolina would require Fidelity Investments to invest at least $75 million to qualify for the proposed state tax exemptions, and Microsoft Corporation would need to invest $225 million. Microsoft should have no problems meeting the minimum $225 million investment, since the data center they opened in the Chicago area in 2009 reportedly cost $550 million.
Not only would the proposed legislation benefit data centers but also a paper manufacturing plant and a turbine manufacturing plant that are also considering building in the North Carolina area.
More jobs keep opening in North Carolina and the Triangle area. Take advantage of a growing job market and make your move to relocate now. If you are interested in buying a home in the Triangle area, now is the time to contact Marti Hampton and let her and her team at RE/MAX One Realty help you find the perfect home.