Durham commissioners vote tax incentives for IEM
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 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.