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North Carolina continues to make headlines for its economic development incentives
Published: Tuesday, February 21st, 2023 @ 11:09 am
By: John Locke Foundation
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Ongoing trend continues of companies not living up to their economic promises to North Carolina despite JDIG incentives.
Published: Friday, December 23rd, 2022 @ 2:25 am
By: Carolina Journal
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Economic development incentives divert taxpayer money to politically favored companies at the expense of the rest of the state
Published: Thursday, July 21st, 2022 @ 10:21 am
By: John Locke Foundation
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My previous research brief discussed that last year Gov. Roy Cooper pledged over $1.3 billion in corporate welfare to just 58 corporations from state “economic development” incentives programs whose stated purposes are about “job creation.”
Published: Monday, January 24th, 2022 @ 9:56 am
By: John Locke Foundation
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WRAL reporter Tyler Dukes has examined job creation promises from North Carolina economic-development incentives programs and found them falling far, far short.
Published: Tuesday, January 21st, 2020 @ 4:23 pm
By: John Locke Foundation
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Imagine you've been given the task to argue that an industry needs government support to survive. How do you think you'd make that case?
Published: Monday, November 11th, 2019 @ 10:19 am
By: John Locke Foundation
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The economic costs of corporate tax incentives outweigh their benefits, a new study by N.C. State University researchers says.
Published: Thursday, May 30th, 2019 @ 5:23 pm
By: Carolina Journal
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No big announcement. No contentious public meetings. No press conference. But most important — no economic incentives.
Published: Friday, May 17th, 2019 @ 4:53 pm
By: Carolina Journal
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States and municipalities courting of large corporations such as Amazon and Apple has brought the folly of economic development tax incentives into the public awareness
Published: Friday, December 28th, 2018 @ 7:52 am
By: Civitas Insitute
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Apple surprised the business world Thursday with an announcement it was investing $1 billion in a new campus in Austin, Texas. The announcement also included news of new sites in Seattle, San Diego, and Culver City, California, and expansions in Pittsburgh, New York, and Boulder, Colorado.
Published: Saturday, December 15th, 2018 @ 4:09 am
By: John Locke Foundation
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It's a safe bet that state Rep. Jonathan Jordan agrees with Republican colleagues Bill Brawley, Susan Martin, and Scott Stone much more often than he agrees with Alexandria Ocasio-Cortez, the incoming New York congresswoman and newly elevated champion of the political left
Published: Wednesday, December 12th, 2018 @ 12:38 pm
By: John Locke Foundation
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When are special interest subsidies not just special interest subsidies?
Published: Tuesday, December 11th, 2018 @ 3:25 am
By: John Locke Foundation
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Carolina Journal reports that while the 2020 Republican National Convention in Charlotte would gain international attention and could boost the city's profile in intangible ways, it's unlikely it would "provide a major economic boost to the city."
Published: Friday, July 27th, 2018 @ 1:08 am
By: John Locke Foundation
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North Carolina politicians and policy analysts have been arguing for decades about targeted economic incentives
Published: Wednesday, July 25th, 2018 @ 12:56 am
By: John Locke Foundation
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Imagine you are a middle school student called on stage in front of 75 of your friends and peers
Published: Sunday, May 27th, 2018 @ 12:15 am
By: John Locke Foundation
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The incentives game just keeps getting worse. It used to be that state and local governments would put together a package to help lure a large company for a major project bringing significant numbers of new jobs to an area
Published: Monday, April 16th, 2018 @ 4:33 pm
By: John Locke Foundation
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CNBC, the cable business news channel, predicts that North Carolina will be selected as the site for Amazon's second headquarters
Published: Friday, December 1st, 2017 @ 12:15 pm
By: Tom Campbell
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I've enjoyed following the drama surrounding location of Amazon's second headquarters and, make no mistake, drama it certainly has been
Published: Tuesday, October 24th, 2017 @ 11:00 am
By: John Locke Foundation
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In the late 1970s, I was appointed to the Economic Development Board
Published: Sunday, May 7th, 2017 @ 9:09 am
By: Tom Campbell
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Crony capitalism is a term that we have been hearing a lot lately. The term has come into use to distinguish the kind of economic system we, in large part, have in this country with true free market capitalism. In the former there is a cozy relationship between business, particularly big business...
Published: Friday, March 18th, 2016 @ 2:01 am
By: John Locke Foundation
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Many times we hear about the state of North Carolina entering into agreements with corporations to promote economic development, but did you know that local municipalities do the same?
Published: Tuesday, October 27th, 2015 @ 12:35 pm
By: John Locke Foundation
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North Carolina's largest cities dealt with nearly 240 economic development contracts and promised $65 million in incentives from 2009 to 2014
Published: Sunday, October 25th, 2015 @ 7:48 pm
By: John Locke Foundation
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In an article from WRAL.com lamenting the fact that economic development grants made by the state of North Carolina did not "create" as many jobs as originally intended, John Skvarla, North Carolina's Commerce Secretary and number 1 cheerleader for taxpayer funded business incentives, stated that...
Published: Saturday, October 24th, 2015 @ 2:22 am
By: John Locke Foundation
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This year's legislative session turned out to be an ideological struggle, not between Republicans and Democrats but between two factions within the Republican Party. This tension goes to the heart of one's belief in free markets as the most moral and efficient way to organize economic activity...
Published: Monday, October 19th, 2015 @ 10:02 am
By: John Locke Foundation
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We hear a lot about the state of North Carolina and how much they give in economic development dollars to private businesses — but what about the counties? County governments have their own agendas when it comes to economic development and can choose whether or not to participate in these...
Published: Thursday, July 16th, 2015 @ 6:36 am
By: John Locke Foundation
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At their convention this weekend, Second Congressional District Republicans passed a resolution condemning the use of taxpayer money to, um, "persuade" businesses to come to North Carolina or to expand within the Tar Heel State.
Published: Tuesday, April 28th, 2015 @ 1:18 pm
By: Brant Clifton
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The common complaint about economic incentives is that they amount to having the government pick winners and losers. That's certainly true. However, as recent events in Charlotte show, another problem with incentives is that government handouts can go to winners and losers.
Published: Sunday, March 15th, 2015 @ 12:32 am
By: John Locke Foundation
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In previous years, Republicans rightly attacked then-Gov. Bev. Perdue's use of economic incentives to promote growth in North Carolina. Since taking control of the state, however, they have regrettably changed their tune. Gov. Pat McCrory and then-Commerce Secretary Sharon Decker last year urged...
Published: Tuesday, March 10th, 2015 @ 6:04 am
By: Civitas Insitute
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As the legislature comes back into session, there is a renewed focus on what are typically referred to as economic incentives, or by many who are more skeptical of such programs, corporate welfare or simply cronyism. Programs that are and will continue to be debated are subsidies to...
Published: Tuesday, January 27th, 2015 @ 9:23 pm
By: John Locke Foundation
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While Gov. Pat McCrory says he won’t call the General Assembly back into session to push through an economic incentives package, he left the door open for calling lawmakers back to Raleigh if a big deal breaks.
Published: Monday, September 22nd, 2014 @ 6:14 pm
By: John Locke Foundation
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This observer has occasionally discussed the real-world folly of state economic incentives.
Published: Tuesday, September 2nd, 2014 @ 11:12 am
By: John Locke Foundation
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Twenty-eight House Republicans bolted party ranks Tuesday, joining 26 Democrats to defeat an economic incentives program that some labeled "corporate welfare."
Published: Friday, August 22nd, 2014 @ 9:11 am
By: John Locke Foundation
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A presentation prepared by the N.C. Commerce Department's Labor and Economic Analysis Division finds a net "negative budgetary impact" of North Carolina's film incentives.
Published: Sunday, April 6th, 2014 @ 2:16 am
By: John Locke Foundation
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Local media consumers may have picked up a bit of trivia lately: North Carolina's new governor isn't a Democrat. This break from The Way Things Are Done 'Round Here has led to...
Published: Friday, April 26th, 2013 @ 3:26 am
By: John Locke Foundation
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That's how newly elected Governor Pat McCrory described his first state budget proposal at a press conference Wednesday morning.
Published: Tuesday, March 26th, 2013 @ 11:10 am
By: Civitas Insitute
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Goodman, an economist and president of the Dallas-based National Center for Policy Analysis, has been one of the country's leading experts on the economics of health care for more than two decades. Back in the 1990s, his work on patient power and perverse incentives...
Published: Wednesday, February 13th, 2013 @ 6:57 pm
By: John Locke Foundation
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Still puzzled about how North Carolina can rank so highly on some national measures of business climate, and still have among the worst-performing economies in the country?
Published: Friday, July 27th, 2012 @ 9:31 am
By: John Locke Foundation
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In a past column I described the political debate about North Carolina's economy as a disagreement among three schools of thought about how best to stimulate growth.
Published: Wednesday, March 14th, 2012 @ 5:46 pm
By: John Locke Foundation
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