City Smart: Film incentives to executive pay

City Smart: Film incentives to executive pay
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3 Important Things 

  • It hits home…We wanted to take the opportunity to send our condolences to those affected by the violence in Charleston. The violence is shocking, but unfortunately not nearly as rare as it should be. It’s affected several people directly in Charlotte — former State Senator Malcolm Graham’s sister was one of the victims. Former Mayor Harvey Gantt was in Charleston at the time of the shooting. He reminisced with his father about the many civil rights leaders he went to go see deliver inspiring sermons at Mother Emmanuel. The Charlotte Business Journal put together a Storify on social media reactions to the tragedy you can check out here.
  • Film incentives don’t add up. The state Senate has drafted a budget proposal that will provide incentives for film projects to shoot in North Carolina. Unlike the House’s $20 million-per-fiscal-year grant proposal, it’s a continuation of the $10 million already in place. That means, under the proposal, a new $10 million grant would go into effect July 1, followed by another the next year. To put this in perspective, it will benefit maybe three projects. Last year, CBS’ “Under the Dome”, which films in Wilmington, benefitted from $5MM of the $10MM grant. So while it’s something, it’s not nearly enough to bring back North Carolina’s once thriving film industry from Georgia, which offers the type of tax incentives that we used to.
  • Get liquor quicker. The NC General Assembly passed a law last week that will allow distilleries to sell to their customers on-site. This benefits the distilleries that offer tours of their facilities. Now, instead of offering up a tour and a sample — and then sending their customers down the street to the ABC store to pick up a bottle to take home — they’ll be able to offer a bottle per customer per year for purchase directly.

2 Happy Things 

  • A Child’s Place has developed a new program as part of the United Way initiative to reduce the absenteeism of homeless children. Students Today Achieving Results (or “STAR”) will first address critical basic needs of children, including food, shelter, clothing and transportation to and from school. The program then helps develop “cheerleading” teams comprised of school leaders and parents working together to keep the child motivated, both at home and school, to attend classes regularly. It will also match students with tutors and mentors.
  • The Thrive Fund, which Hugh McColl started in 2013 to support arts in Charlotte, announced this week that it’s donating $3.1 million over multiple years to eight local arts organizations, including the Charlotte Symphony, the Charlotte Ballet and The Mint Museum.

1 Random Thing

  • Susan DeVore, chief executive of Charlotte-based health care company Premier, was the highest paid executive among the top 50 last year, with total compensation of $24.9 million, according to the Observer’s annual review of executive pay. That’s the first time a woman has topped the list.

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