Category Archives: Economic development

NC Battleship needs to admit where they REALLY get their money

I went to the NC Battleship a couple of months ago and there were signs everywhere stating they were 100% funded with private donations.  I thought that was incorrect, and the House budget made it very easy to prove the Battleship wrong. In the Speaker’s press release that came out this morning about the passageContinue Reading

Volvo Announces SC Manufacturing Plant

South Carolina is touting the success of their economic development incentives this week following a press release from Volvo, announcing a manufacturing plant just outside of Charleston. The plant is planned to draw investment upwards of $500 million and 2,000 jobs. SelectUSA heralds the plant as the first US manufacturing facility for Volvo, who sitesContinue Reading

N.C. suing FCC over Wilson broadband ruling

Props to Attorney General Roy Cooper, who filed a lawsuit challenging the Federal Communications Commission’s February ruling overturning a state law limiting municipal subsidies to city-owned broadband services. Cooper cited federal overreach in the filing. In that Order, the FCC preempts North Carolina ‘s statutory law and provisions …. governing municipal provisioning and operation ofContinue Reading

In case you missed him …

Rick Henderson discussed for Time Warner Cable News’ “Capital Tonight” program Volvo’s decision to site a new manufacturing plant in South Carolina.

Incentives are not the reason NC lost out on the Volvo plant

I have been seeing legislators blaming the Senate for not passing House Bill 117 as the reason for North Carolina not getting the Volvo plant.  But what lawmakers forget is that incentives are not the only reason a company picks a state.  According to a Charlotte Business Journal article, “…some site-selection consultants say the state’sContinue Reading

Numbers were down for second Raleigh Rock’n’Roll marathon, but will they be?

I got a chuckle out of a toss-off line toward the end of The News & Observer’s article on the second Raleigh Rock’n’Roll Marathon [RnR] this weekend. Here’s the line: An accurate estimation of economic impact [of the race] for this year will be available in July. Not just an estimation, an accurate estimation. IContinue Reading

House boasts Historic Preservation Tax Credit

A press release went out yesterday about the House voting to bring back the historic preservation tax credit.  Hopefully the Senate will see that this is bad policy and either change this to a local grant program or not enact the tax credit at all.  Below is the press release: Raleigh, NC – Today, Rep.Continue Reading

New Carolina Journal Online features

Dan Way reports for Carolina Journal Online about privacy concerns surrounding a new student data mining system. Sarah Curry’s Daily Journal examines the ongoing N.C. debate involving incentives and economic development.