RALEIGH – At the requests of three companies, tax incentive plans have been terminated by the state of North Carolina – two of which are in the Triangle.

The agreements to terminate the projects were approved Tuesday by the N.C. Department of Commerce Economic Investment Committee.

Xerox agreement

Xerox pulled out of deal to add jobs in Cary.

“Driven by changes in Xerox direction, corporate strategy and current business conditions, Xerox no longer envisions meeting the job creation and investment targets established in the [contract with North Carolina],” the company said in a letter.

However, the company says no changes are planned at the Cary operation.

“No changes are planned for the NC Center of Excellence in Cary,” it said in the letter. “Many key employees are based at the facility, and limited hiring will continue in support of business needs.”

Xerox originally committed to bringing 600 new jobs to Cary in the project. To date it has created 163 jobs, the company said.

Xerox bringing 600 jobs to Cary

Labcorp agreement

Labcorp, which is currently in the process of splitting into two companies, asked that an incentive plan for a new services center in Durham County, be ended due to the split and its impact on employee count.

“The JDIG Agreement includes a baseline number of jobs that must be maintained in the state. Labcorp’s baseline for the JDIG includes employees working for several divisions of Labcorp such as diagnostics and drug development as well as a number of other affiliated entities,” the company said in a letter.

“Labcorp has announced that it intends to spin out the Company’s wholly owned Clinical Development business. The planned spin-off will result in two independent companies, each poised for strong, sustainable growth. The new company to be formed by the planned spin-off will be known as Fortrea. Upon completion of the spin-off from Labcorp, Fortrea will operate as an independent, publicly traded global company that offers comprehensive drug and medical device development services.”

Dhollandia agreement

Europe-based Dhollandia asked to be released from an agreement reached in 2017 to build a liftgate manufacturing plant in Bessemer City, citing ongoing economic fallout from the COVID pandemic.

The company has invested $22.5 million in the facility and has 10 employees there. However, the company says it has postponed the launching of manufacturing, instead focusing on maintenance and product support.