Category Archives: Economic development

Drawing the Wrong Conclusion XII — the I’m anti-corporate-welfare but… edition

The News & Record reports today on Rep. Pricey Harrison’s primary race against former Greensboro City Councilman Mike Kee. In it, Harrison makes the following boast about her opposition to corporate welfare: Harrison opposes incentives to businesses, which she sees as a form of “corporate welfare.” To which the N&R hastily adds “But” — yep,Continue Reading

In case you missed him …

Jon Sanders debated Rep. Susi Hamilton, D-New Hanover, on the topic of state film incentives during the latest edition of Time Warner Cable News’ “Capital Tonight.”

New Carolina Journal Online features

Barry Smith reports for Carolina Journal Online about recent changes designed to streamline North Carolina’s absentee ballot process. John Hood’s Daily Journal urges government officials to avoid claptrap and flimflam disguised as economic development tools.

Goldberg asks the GOP whether it prefers ‘pro-business’ or ‘pro-market’

Jonah Goldberg‘s latest column suggests he believes now is the time for Republicans to choose between being “pro-business” or “pro-market.” Just to clarify, the difference between being pro-business and pro-market is categorical. A politician who is a “friend of business” is exactly that, a guy who does favors for his friends. A politician who isContinue Reading

Would NC be out on a limb if our film tax credits expired?

No. As discussed last year, North Carolina would join a growing group of states that have ended or suspended their film tax credits or never joined in the folly to begin with. Many states have opted out, including several quite recently (most recent first): Missouri: program sunsetted on Nov. 28, 2013 Wisconsin: program ended asContinue Reading

Fiscal Research review dismantles new film tax credits study

A memorandum to Rep. Rick Catlin (R-New Hanover) prepared yesterday by Patrick McHugh and Barry Boardman of the Fiscal Research Division of the North Carolina General Assembly gave a preliminary review to the new industry study of North Carolina’s film tax credits. That study, prepared by Dr. Robert Handfield, a North Carolina State University professorContinue Reading

Questionable studies’ implication: NC cost itself over a billion dollars by spending on the wrong cronies

The long-awaited, no-opportunity-cost, all-production-is-driven-by-the-incentive study of the North Carolina film incentive by an NC State professor of supply chain management is now out, and it produced a super-multiplier finding quite typical of industry studies: Beginning in 2007, when the incentive was first enacted, through 2012, the film and television industry has spent $1.02 billion inContinue Reading

New Carolina Journal Online features

Carolina Journal Online reports on a new John Locke Foundation report that calls for repeal or major revisions of North Carolina’s Map Act. Michael Lowrey’s Daily Journal discusses how groupthink about the US Airways-American Airlines merger hurt Charlotte’s economic development planning.