Benefits:
Moore County government officials have agreed to consider value added tax abatements. The taxable value of new eligible improvements must be in excess of one million ($1,000,000.00) and must create or retain a minimum of ten (10) permanent jobs.

Qualifications:
(1) A company must clearly add to the Moore County economic base. In order to be eligible to receive tax abatement, the planned improvements:

A. Must be reasonably expected to increase taxable ad valorem tax value at least $1,000,000.
B. Must be expected to prevent loss of payroll or retain, increase or create payroll on a permanent basis in the county.
C. Must not be expected to solely or primarily have the effect of transferring employment from one part of the County to another.
D. Must be necessary because capacity cannot be provided efficiently utilizing existing improved property.