Microsoft gives up seeking $20 million in NC incentives – WSOC TV

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RALEIGH, North Carolina – Microsoft Corp. Won’t seek taxpayer-funded economic incentives worth about $20 million tied to two job extensions announced in 2019 in North Carolina, saying she wasn’t ‘willing to share’ employee data that would prove they met job creation requirements.

The operating systems and software giant wrote to the state Economic Investment Committee earlier this month asking for the grant agreements to be terminated.

“The amount of employee data requested to validate job creation measures is more than Microsoft is willing to share,” reads Microsoft’s letter obtained by WRAL-TV from the US State Department. Trade. The department confirmed on Friday that no payments were ever made to Microsoft for these Employment Development Investment Grant agreements.

In October 2019, Microsoft announced that it would create 430 jobs in Charlotte to expand its engineering and quantum computing business. Less than two months later, Microsoft unveiled plans for 500 new jobs in Morrisville.

The grants are calculated based on a percentage of state income tax withheld from paychecks for new jobs.

Microsoft’s letter says the company has made $73 million in capital investments between the two sites and has more than 2,500 full-time employees in North Carolina. Microsoft had 1,950 employees in North Carolina at the end of 2019.

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