04 NCAC 01F .0102
GOALS AND POLICIES
(a) The Department of Commerce is dedicated to the policies of more and better jobs and dispersed job opportunities for
dispersed population. Over the past 20 years, experience has shown that industrial prospects will look at existing and
available industrial buildings. Many would consider available buildings. Some would consider a completely new structure on
a new site, but also express the desire to look at available space. There are more industrial buildings on the market in highly
developed areas (such as the Piedmont Triad) because that is where most of the industrial space is located.
(b) The department has found that industrial clients will look at speculative industrial buildings. Under a contract signed with
the Coastal Plans Regional Commission in 1973, the department has developed a set of standards and definitions which
formalize an "applied science" of basic industrial buildings and which separates the basic industrial building from speculative
industrial building.
(c) By the use of a $50,000 grant associated with the Coastal Plans Regional Commission contract, the department created a
"Guaranty Against Loss Reserve" for those buildings which met the preponderance of 12 standards and thusly qualified for
the use of the term of "industrial buildings". This "Guaranty Against Loss Reserve" inducement has been used to accomplish
certain goals, as follows:
(1)
to increase total prospect traffic by developing an on-the-shelf inventory of basic industrial buildings; This
inventory will be advertised and promoted so as to get more industries to look at North Carolina and at
more North Carolina communities;
(2)
to improve the variety offered in that inventory so that it will include buildings sized to meet the complete
spectrum of individual prospect requirements; Building sizes will range from 30,000 or 40,000 square feet
up to 75,000 or 100,000 square-foot buildings;
(3)
to identify the North Carolina communities which have potential to compete in the basic building market,
and which have the desire to use the basic building concept in their development program; Communities
which receive designation as communities of excellence or cities of excellence will receive priority in
efforts by the department to develop buildings in those communities;
(4)
to inform these communities that:
(A)
the final decisions relative to the basic building projects will be a partnership decision between the
community, the industrial builder, his construction loan lender and the Department of Commerce;
and
(B)
that the decision is based on the final appraisal that the building, the site and the community
present a feasible marketing concept which is competitive in the available building market.
(5)
to help interested communities measure themselves and their proposed projects against the standards
developed for the basic building program, and to help these same communities improve their competitive
position relative to those standards;
(6)
to work with industrial builders just as if they were industrial prospects looking at communities, because, in
truth, they are searching for the best location for a $400,000 to $600,000 venture capital investment; This
segment of our economy merits the best economic advice available during their search; A secondary goal
is to help these builders develop their own industrial development sales capability;
(7)
to get industrial builders and construction loan lenders to:
(A)
consider towns smaller than they would normally consider for basic buildings projects; and
(B)
to consider buildings larger than they would normally consider as a speculative building project;
(8)
to further develop the industrial development partnership between communities, local and state
governments, industrial builders, financial institutions, electric power companies, railroads and industrial
realtors so that this partnership can continue to deal effectively with the increasingly complex problems of
industrial development.
Under a grant made to the department by the Economic Development Administration, Title IX, (L.T.E.D.) Revolving Loan
Program, the department will expand this same incentive program to many more counties and several more cities not now
covered by the Coastal Plans Region.
The department activities undertaken with funds received under Coastal Plains Regional Commission contract No. 10340066
and under Economic Development Administration, Long-Term Economic Deterioration Implementation Grant offer for
project No. 04-39--1907, dated September 21, 1979, will be affected within the restraints and conditions contained in each of
those documents.
History Note:
Authority G.S. 143B-428; 143B-429; 143B-432; 143B-434(a); 143B-434(c);
Eff. February 11, 1980.