Economic development (page 10)

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    Cary taxpayers on hook for boutique hotel debt

    The Town of Cary provided loans worth $2.6 million to help open a boutique hotel, the Mayton Inn, in its downtown area. The federal Department of Housing and Urban Development loaned the town $1.4 million of that total. Now the hotel’s owner, Memento Mori has filed for bankruptcy and the…
    Joseph Coletti, September 27, 2018
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    Public-choice economics in a nutshell

    If you were looking for a quick summary of public-choice economics, you could just consult Commerce Secretary Wilbur Ross' comments on Pres. Trump's tariffs.
    Jon Sanders, September 18, 2018
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    Disney gives back government subsidies

    Anaheim’s libertarian-leaning Mayor Tom Tait and unions supporting a $15 minimum wage seem to have unintentionally found a way to reduce targeted tax incentives. Disney asked the city council to end a “45-year moratorium on a gate tax and a $267 million economic assistance package for a new luxury…
    Joseph Coletti, August 31, 2018
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    Regulatory reforms that help businesses start and grow

    State governments can take a number of steps to help businesses start and expand. A new report from the Pew Charitable Trusts provides examples from across the country of how regulators have used online permitting portals to make applying for permits easier and faster, prioritized enforcement against frequent violators of regulations,…
    Joseph Coletti, August 31, 2018
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    Homebuilding Still Not Up to Par

    According to a new Zillow report: Although construction rates have been steadily rising – with June new home sales up 2.4 percent from a year ago – the U.S. is still building fewer single-family homes on a per capita basis than it did historically.
    Jon Guze, August 17, 2018
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    Amazon incentives in perspective

    Amazon’s recent announcement of a distribution center in Garner is one of thirteen so far this year, with more likely to be announced in the coming weeks and months ahead, joining locations in Alabama, Missouri, Ohio, Oklahoma, and Washington. Incentive offers have differed from place to place, which suggests the…
    Joseph Coletti, August 17, 2018
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    Film incentives benefit film productions, not state economies

    New research from Kennesaw State University economist John Charles Bradbury finds "little evidence" that movie production incentives help state economies.
    Jon Sanders, August 8, 2018
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    Food program in search of takers

    From the headline to the details, everything about a recent North Carolina Health News story illustrates what is wrong with the way too many government programs try to help. The program in this case is the US Department of Agriculture’s Summer Food Service Program, which is intended to provide…
    Joseph Coletti, August 8, 2018