OK, it wasn't the only item in Gov. Bev Perdue's release citing the wonders of her North Carolina Business Preference Program. Only the most ridiculous one.
Here's the deal. Perdue signed an executive order instructing state officials to find some way to give in-state companies a leg up over out-of-state rivals for government contracts. Under some circumstances, N.C.-based companies that don't offer the low bid to do a job can submit a second bid and win the contract.
To date, the adminstration claims more than $3.6 million in business has stayed at home since January 1.
There are tons of problems with this approach, not the least of which is -- if in-state firms could re-bid, why weren't' out-of-state ones allowed to do so as well? How many tax dollars were left on the table by not allowing a full round of new bids?