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92 Results found for incentive

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Gov. Roy Cooper has a history of publicly denouncing “corporate tax giveaways.” Indeed, last year he offered up this question: “Are we going to invest in education and our people, or are we going to continue with further corporate tax giveaways?”
Gov. Roy Cooper has a history of publicly denouncing “corporate tax giveaways.” Indeed, last year he offered up this question: “Are we going to invest in education and our people, or are we going to continue with further corporate tax giveaways?”
 
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
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
 
If you think corporate incentives are only used to attract businesses, think again
If you think corporate incentives are only used to attract businesses, think again
 
Do Relocating Businesses Really Care About the Quality of Schools?
 
CNBC, the cable business news channel, predicts that North Carolina will be selected as the site for Amazon's second headquarters
CNBC, the cable business news channel, predicts that North Carolina will be selected as the site for Amazon's second headquarters
 
I've enjoyed following the drama surrounding location of Amazon's second headquarters and, make no mistake, drama it certainly has been
I've enjoyed following the drama surrounding location of Amazon's second headquarters and, make no mistake, drama it certainly has been
 
Earlier this month Amazon announced it was looking for a second headquarters in North America
Earlier this month Amazon announced it was looking for a second headquarters in North America
 
The current political spat between North Carolina’s governor and legislature has produced plenty of heated rhetoric
The current political spat between North Carolina’s governor and legislature has produced plenty of heated rhetoric
 
In the late 1970s, I was appointed to the Economic Development Board
In the late 1970s, I was appointed to the Economic Development Board
 
Gov. Roy Cooper’s proposal to try to lure the film industry to make movies, TV shows, and commercials in North Carolina by returning to an abandoned tax incentives program is meeting resistance
Gov. Roy Cooper’s proposal to try to lure the film industry to make movies, TV shows, and commercials in North Carolina by returning to an abandoned tax incentives program is meeting resistance
 
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...
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...
 
Two leading legislative critics of tax incentives to the renewable energy industry have not taken issue with an unusual new program used by Duke Energy Progress allowing high-consumption electricity customers using traditional energy to claim their plants are powered by renewable sources
Two leading legislative critics of tax incentives to the renewable energy industry have not taken issue with an unusual new program used by Duke Energy Progress allowing high-consumption electricity customers using traditional energy to claim their plants are powered by renewable sources
 
North Carolina has been ranked the seventh most business-friendly state by the Pollina Corporate/AEDI (American Economic Development Institute) Top Ten Pro-Business States Report released this month. The report details how well states have or have not positioned themselves to retain and create jobs.
North Carolina has been ranked the seventh most business-friendly state by the Pollina Corporate/AEDI (American Economic Development Institute) Top Ten Pro-Business States Report released this month. The report details how well states have or have not positioned themselves to retain and create jobs.
 
Saying the current plan is antiquated, a legislative agency on Monday recommended that the state scrap its three-tiered system for awarding economic development grants.
Saying the current plan is antiquated, a legislative agency on Monday recommended that the state scrap its three-tiered system for awarding economic development grants.
 
In the face of defeat, claim victory anyway. That's what state bureaucrats in charge of meddling with North Carolina's economy are doing in light of a recent report that suggests their meddling has produced dismal results.
In the face of defeat, claim victory anyway. That's what state bureaucrats in charge of meddling with North Carolina's economy are doing in light of a recent report that suggests their meddling has produced dismal results.
 
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?
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?
 
North Carolina's largest cities dealt with nearly 240 economic development contracts and promised $65 million in incentives from 2009 to 2014
North Carolina's largest cities dealt with nearly 240 economic development contracts and promised $65 million in incentives from 2009 to 2014
 
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...
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...
 
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...
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...
 
An environmental group lauding North Carolina for ranking No. 4 nationally in solar energy capacity agrees with foes of renewable energy mandates — the state's purported boom in clean energy mostly results from the government forcing utilities to purchase the higher-cost energy, along with...
An environmental group lauding North Carolina for ranking No. 4 nationally in solar energy capacity agrees with foes of renewable energy mandates — the state's purported boom in clean energy mostly results from the government forcing utilities to purchase the higher-cost energy, along with...
 
In 2005, the North Carolina General Assembly established a 35 percent credit for investing in renewable energy. This credit was slated to sunset at the end of 2010. By 2010-11, the Tax Research Division of the Department of Revenue estimated, the credits taken would cost the state $5.65 million...
In 2005, the North Carolina General Assembly established a 35 percent credit for investing in renewable energy. This credit was slated to sunset at the end of 2010. By 2010-11, the Tax Research Division of the Department of Revenue estimated, the credits taken would cost the state $5.65 million...
 
This past week I had the pleasure of being invited to speak at Americans for Prosperity's annual event, the Defending the American Dream Summit. I spoke about Washington's power grab and how the growth of federal agencies is threatening our laboratories of democracy. Many of us know that...
This past week I had the pleasure of being invited to speak at Americans for Prosperity's annual event, the Defending the American Dream Summit. I spoke about Washington's power grab and how the growth of federal agencies is threatening our laboratories of democracy. Many of us know that...
 
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...
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...
 
North Carolina lawmakers would harm, not help, the state's economic growth if they extend and expand corporate tax incentive programs.
North Carolina lawmakers would harm, not help, the state's economic growth if they extend and expand corporate tax incentive programs.
 
It was announced on Tuesday that Mercedes-Benz has decided to move its corporate headquarters from New Jersey to Atlanta, GA, and not to the Raleigh area, as many were hoping. According to this article in the Triangle Business Journal, Georgia offered the company $23 million in corporate welfare...
It was announced on Tuesday that Mercedes-Benz has decided to move its corporate headquarters from New Jersey to Atlanta, GA, and not to the Raleigh area, as many were hoping. According to this article in the Triangle Business Journal, Georgia offered the company $23 million in corporate welfare...
 
Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
 
State lawmakers have started reviewing Gov. Pat McCrory's budget proposal for the 2015-2017 biennium. It sets out McCrory's General Fund spending plan for $22 billion in each of the next two fiscal years. The General Fund makes up a significant chunk of the overall state budget of more than...
State lawmakers have started reviewing Gov. Pat McCrory's budget proposal for the 2015-2017 biennium. It sets out McCrory's General Fund spending plan for $22 billion in each of the next two fiscal years. The General Fund makes up a significant chunk of the overall state budget of more than...
 
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.
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.
 
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...
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...
 
The editors of The Fayetteville Observer are interested in the film industry and with storytelling in general. An example of the latter came to my attention recently.
The editors of The Fayetteville Observer are interested in the film industry and with storytelling in general. An example of the latter came to my attention recently.
 
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...
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...
 
Republicans have been quick to claim their tax reform agenda eliminated many unfair tax loopholes and carve-outs for special interests in North Carolina, but there are strong signals that tax-fueled incentives could return in the upcoming session.
Republicans have been quick to claim their tax reform agenda eliminated many unfair tax loopholes and carve-outs for special interests in North Carolina, but there are strong signals that tax-fueled incentives could return in the upcoming session.
 
North Carolina's film tax incentives program has changed significantly. Formerly a refundable tax credit of 25 percent of qualifying production expenses capped at $20 million per production, the program now is a $10 million grant program.
North Carolina's film tax incentives program has changed significantly. Formerly a refundable tax credit of 25 percent of qualifying production expenses capped at $20 million per production, the program now is a $10 million grant program.
 
Now, it appears WCNC in Charlotte has found one more questionable scenario involving Tillis, some wealthy donors, their real estate deals, and the proposed I-77 toll lane project enthusiastically backed by Tillis.
Now, it appears WCNC in Charlotte has found one more questionable scenario involving Tillis, some wealthy donors, their real estate deals, and the proposed I-77 toll lane project enthusiastically backed by Tillis.
 
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