State will pay up to 25% of qualifying expenses for gaming competitions, committing up to $5m a year
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When North Carolina Governor Roy Cooper signed the state’s annual budget into law last week, he also established the Esports Industry Grant Fund to encourage gaming companies to hold their competitions within the state.
The fund is targeted at larger events (costing at least $250,000 to run), and offers to reimburse up to 25% of the money such events spend on in-state goods and services, compensation, and benefits.
The state’s Department of Commerce will issue grant awards to qualifying companies over the