Economic development

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    Hey Charlotte: If spending has such great “economic impact,” why hide huge cost overruns?

    My latest article for the American Institute for Economic Research takes note of the fact that, thanks to Eric Rowell of Hunterville’s question, the celebrated “economic impact” study for Charlotte’s proposed Transformational Mobility Network has no opportunity costs built into the model. “None.” This is a perennial problem with economic…
    Jon Sanders, September 20, 2021
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    Texas Tops List, N.C. Ranks No. 7 in Welcoming Fleeing California Businesses

    As California’s awful public policies prompt business after business to leave the state, North Carolina is one of the beneficiaries. A recent Hoover Institution working paper attempts to explain “Why Company Headquarters Are Leaving California in Unprecedented Numbers.” Joseph Vranich and Lee Obanian highlight multiple factors…
    Mitch Kokai, September 7, 2021
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    New Carolina Journal Online Features

    Donna King reports for Carolina Journal Online on a state House bill to join an interstate licensing agreement for mental health counselors. Mitch Kokai’s CJ Opinion rebuts false claims about the impact of proposed N.C. tax changes. Brian Balfour’s CJ Opinion highlights problems with government economic development…
    Mitch Kokai, July 27, 2021
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    Another Expensive Press Release From Roy Cooper

    At $50,000,  compared to the $875 million press release issued for the massive Apple taxpayer giveaway, this press release was somewhat cheap. Elkay Manufacturing, a leading producer of sinks and water delivery products, will expand its operations in Robeson County, leading to…
    Brian Balfour, July 1, 2021
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    Cooper has pledged over $1.5 billion to corporations since vetoing the 2019 budget for ‘corporate tax breaks’

    The total count is $1,522,891,600 in state money pledged to 97 corporations.
    Jon Sanders, June 18, 2021
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    Cooper’s Baffling Hypocrisy on Corporate Welfare

    So far this year, Cooper has pledged $930.7 million to just 22 corporations. But he denounces cutting the tax burden on all NC businesses, over 930,000 of which are small businesses.
    Jon Sanders, June 18, 2021
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    Cooper’s Corporate Tax Hypocrisy

    Roy Cooper, the candidate, boldly declared: “Corporate giveaways and tax cuts for the wealthiest come at a high cost for middle-class families.” Indeed, railing against corporate tax breaks and giveaways has been a prominent theme throughout Cooper’s tenure in office. Below are but some of his statements on the topic:…
    Brian Balfour, June 4, 2021
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    Senate Proposes to Restart Tax Reform

    It has been four years since the legislature last passed a significant tax reform. Key senators hope to get back on track this year. Senate Finance Chairs Paul Newton, Bill Rabon, and Warren Daniel discussed their plan in a press conference this morning. JOBS Grants The biggest item would…
    Joseph Coletti, May 25, 2021