North Carolina Signs Nation’s First Esports Tax Incentive Program
Subnation Media, the esports entertainment holding and advisory company, along with the Greater Raleigh Convention and Visitors Bureau (Visit Raleigh) recently announced the signing of the State Legislature’s budget that includes the Esports Industry Grant Fund. The fund will provide up to $5,000,000 to encourage esports productions and events to be hosted within the state.
“This is a major victory for Greater Raleigh and all of North Carolina,” said Ed Tomasi, Co-Chair of the Greater Raleigh Esports Local Organizing Committee (GRELOC) and Chief Managing Director of Subnation Media. “I’m proud to say that NC is now the first and only state in the United States to qualify and incentivize esports production and event groups regardless of where they are incorporated. This opens NC up to a global industry and makes NC a premier East Coast destination for esports to thrive.”
With several major game publishers and technology companies as part of the region’s community, Greater Raleigh has become a global destination of choice for esports over the past few years. The Esports Industry Grant Fund will help drive economic impact to the area, as well as serve as a blueprint for other government groups to model from in the future. Read more.
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