Category Archives: Economic development

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.

Another $5 million down the drain

A press release came out from the NC Senate boasting about giving a failing program an additional $5 million for corporate welfare.  I’m so glad I pay taxes so lawmakers can spend it this way – NOT! Senate Passes Bill to Provide Additional $5 Million to JDIG Raleigh, N.C. – The North Carolina Senate onContinue Reading

How many economic development bills are there?

Governor McCrory wanted the legislature to address his desire to give more money away to corporations as soon as the session began.  Well, it worked!  So far the legislature has filed 15 bills dealing with economic development.  Oh, and guess what….none of them are to repeal the use of corporate welfare.  That’s right….a Republican controlledContinue Reading

City of Eden trying to encourage bad tax policy

The Eden Preservation Commission is made up of members appointed by the city council.  On March 16, the commission voted on a resolution to be presented to multiple state government officials.  There are seven members on the commission, and only one voted against this resolution.  It is unfortunate that only one member of the commissionContinue Reading

4 Republican legislators are pushing their version of “free” community college in NC

If you thought President Obama’s stumping for “free” community college was nothing but hot air, you were likely wrong. It may have been mostly hot air, but the power of the bully pulpit is not to be underestimated. Here in North Carolina, home of a “trifecta” Republican government, legislators appear to have fallen for the president’sContinue Reading