High dollar cronyism comes to NC

Democrat President and Republican Governor team up to fleece taxpayers. From Don Carrington’s excellent article in today’s Carolina Journal.

“Obama announced that N.C. State would be the lead research institution for a new high-tech public-private partnership known as the Next Generation Power Electronics Institute. The consortium of 18 business and seven universities and labs will receive $70 million from the U.S. Department of Energy and consortium members, North Carolina state government, and additional private investors will be expected to match that funding. Gov. Pat McCrory said in a Wednesday press release that the state will commit no less than $10 million over five years to the project.“ (emphasis added)

 

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