Economic development

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    Apple wants “30 years of stability”? So do the rest of us!

    John Locke Foundation’s Jon Sanders weighs in on corporate welfare for Apple Inc – As I read the details of the proposal and hear what state and local policymakers are prepared to do to bring in Apple or the next large employer, I am staggered. They would: Dramatically lower…
    Anna Manning, May 24, 2018
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    Ikea’s Cary pullback shows importance of strategy for business, challenge of retail for local governments

    Triangle residents will still be short of options for good Swedish meatballs and low-cost furniture. Ikea  will not open a new store in Cary despite months of hype and hope. The company is reconsidering its globally recognizable big blue boxes in favor of smaller stores and digital alternatives.
    Joseph Coletti, May 23, 2018
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    Why do politicians offer economic development incentives?

    The state’s long-term commitment of incentives to Apple and others, is “just burning money,” according to Nathan Jensen of the University of Texas. He told WRAL that past 20 years, What you’re offering doesn’t make it any more attractive. You’re really borrowing against future revenues for very little benefit. The…
    Joseph Coletti, May 21, 2018
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    CJ: N.C. legislative leaders propose plan that boosts subsidies to lure big corporations

    Carolina Journal’s Dan Way reports on a development some speculate is related to the potential interest by Apple to locate a facility in the Raleigh/Durham are. Legislative leaders will boost tax-paid subsidies available in the $23.9 billion 2018-19 budget proposal to seduce multibillion-dollar corporations to locate in the state.
    Donna Martinez, May 18, 2018
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online on legislative leaders’ plan to tweak targeted incentives to attract more high-dollar economic development projects. Andy Taylor’s Daily Journal explores Facebook’s recent political misfortunes.
    Mitch Kokai, May 18, 2018
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    What happens when spending grows faster than revenue?

    Gov. Roy Cooper’s proposed budget would raise taxes from current law and guarantee additional tax increases in future years. Based on current law, including $500 million in lower taxes, state government would have $25 billion available in the General Fund to spend, though $1.1 billion of that is nonrecurring money…
    Joseph Coletti, May 14, 2018
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    Amazon HQ2 Watch: What Does Bezos’ Plane Tell Us?

    Will it be Raleigh? Will it be Boston? Will it be Los Angeles? The country is on ‘Bezos Watch’ following the announcement of the top 20 cities for Amazon’s HQ2 headquarters. I’d love for North Carolina to snag the jobs, but as we know, there will be costs…
    Donna Martinez, April 27, 2018
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    There is hope in small towns and there are challenges in cities

    Can we save the small towns and rural areas that are losing people to booming metropolitan areas? Gracy Olmstead explores the options and some of the overlooked costs and benefits what we leave behind may not be all bad, as we go out in search of greater gains: “The…
    Joseph Coletti, April 20, 2018