Durham commissioners vote tax incentives for IEM
Posted January 11, 2010 11:23 p.m. EST
Durham, N.C. — Durham County commissioners on Monday night unanimously approved tax incentives for a prominent risk-management consulting firm to relocate to Research Triangle Park.
The county will give incentives worth $100,000 to International Emergency Management over three years. In addition to relocating its company headquarters, the firm must also create 213 jobs in order to receive the full amount.
The county grant matches a $150,000 grant from the One North Carolina Grant. IEM could also get as much as $9 million in rebates from income taxes withheld from its employees as part of a Job Development Investment Grant from the state.
Gov. Perdue has said the move will create 430 jobs, paying an average wage of $62,778 plus benefits. Perdue had to recuse herself from efforts to recruit IEM, because her son, Garrett, works at a law firm that represented the company.
IEM is privately held, having launched in 1985. It is currently based in Baton Rouge, La.