NC H1090

Establishes "Invest NC" intrastate securities exemption allowing North Carolina businesses to raise up to $1-2 million from state residents without full registration, with 10% limit per investor ($5,000) unless accredited.

Creates North Carolina New Markets Jobs Act providing state tax credits (12.5% for first two years) for qualified equity investments in community development entities making loans to low-income businesses, with $100 million annual certification capacity.

Authorizes $100 million from Escheat Fund for Small Business Venture Fund to invest in North Carolina small businesses (under $5 million annual receipts) with North Carolina nexus, requiring 75% allocation to rural areas and 20% to veteran-owned businesses.

Modifies JDIG (Job Development Investment Grant) to allow multi-location projects to use lowest-tier area standards if 66% of jobs are in lower-tier areas, effective January 1, 2017.

Appropriates $5 million for innovation initiatives ($2.5 million each for RISE NC entrepreneurship network and University Innovation Commercialization Grant Program), $12 million for tourism marketing, $2.3 million for food manufacturing support, and $1.72 million for community economic development and Main Street programs.