Lacking Tax Incentives, Tar Heel State Struggles to Lure Devs

April 15, 2010 -

North Carolina, while home to quite a few game developers, does not offer tax incentives to those creating interactive entertainment, which may be costing the state in its attempts to entice more companies to take up residence within its borders.

A piece in the NewsObserver offers this sentiment after attending the recently concluded Triangle Game Conference in Raleigh. State Representative (D) Pryor Gibson (pictured) has previously sponsored bills that would grant 15.0 percent tax breaks to interactive developers, but that legislation “has gone nowhere,” and the outlook for such a bill passing in the future is bleak, due to the state’s “budget crunch.”

Gibson doesn't appear to have given up though, and is said to be working “with fellow legislators on a bill for the coming session that will be attractive to video-game companies looking to expand and that will help retain existing businesses.”

In light of the lack of incentives, companies like developer Funcom, who maintains a customer support center in Durham, North Carolina, recently chose Montreal, Canada as home to a new development studio, unable to resist the lure of tax credits for labor that could reach up to 37.5 percent.

Funcom’s CEO Trond Arne Aas said that such incentives make Quebec, “one of the most cost-effective locations in the world.”

Troy Knight, a Managing Director of the Raleigh-based consulting and recruiting company atVaco, added, “If we don't offer incentives, I think we're going to start losing companies. They're going to look at Canada, Georgia, Texas, because they are offering incentives.”


 
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WonderkarpI found this neat. Shows the different ways different websites tell the same story. Not VG Related, but its neat https://i.imgur.com/3m6xOfE.jpg01/29/2015 - 2:12pm
Matthew Wilsonnp I am still suprised that the fcc did it, but I still do not trust the chairman yet.01/29/2015 - 2:11pm
Andrew EisenYeah, what I mean is I'm fortunate enough to live in an area where I have the option of up to 50Mbps if I want to pay for it. Meant that as an anecdote; didn't mean it to come across as a "you're wrong!" Sorry 'bout that!01/29/2015 - 2:06pm
Matthew WilsonThat is why I said "every market". for example totalbescuit has TWC, and the best he can get atm is 10/10.01/29/2015 - 1:58pm
Andrew EisenTWC offers speeds that high, at least in my area. (Standard is 15Mpbs)01/29/2015 - 1:54pm
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Andrew EisenTrailer for Ted 2 and it looks like it won't simply be a rehash of the first. That's encouraging! https://www.youtube.com/watch?v=S3AVcCggRnU01/29/2015 - 1:49pm
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Wonderkarpmine was grandia 201/29/2015 - 1:39pm
Matthew Wilsonoh btw only about 5.6 percent of the us has broadband now.01/29/2015 - 1:21pm
Matthew Wilsonhttp://www.theverge.com/2015/1/29/7932653/fcc-changed-definition-broadband-25mbps did not think the fcc would go through with it.01/29/2015 - 1:16pm
Andrew EisenI know, right? Don't you dare think the fact that I buy all your games makes this sort of behavior okay, TT Games!01/29/2015 - 12:57pm
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prh99Cminer: It's the only way to monetize Nintendo game videos. Otherwise Nintendo content IDs them and take all the AD revenue. Also it's only covers a small portion of their catalog.01/29/2015 - 12:06pm
ematuskeyWonderkarp: Pretty much every Elder Scrolls game. :p01/29/2015 - 11:53am
CMinerMaybe I missed something; is Nintendo actually going to try and force people to join their program? Or did they just create a program, and people are speculating?01/29/2015 - 10:53am
prh99I wonder if I can craft an AdBlock filter that only blocks ads on Nintendo videos. (not serious)01/29/2015 - 10:46am
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