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73 Results found for incentives

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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
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.
 
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.
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.
 
House speaker Thom Tillis and his team, Gov. Pat McCrory, and scores of big names in the state's business establishment have been harping on the alleged importance of customized, special incentives to lure new business - from TV and movie productions to industry - to North Carolina.
House speaker Thom Tillis and his team, Gov. Pat McCrory, and scores of big names in the state's business establishment have been harping on the alleged importance of customized, special incentives to lure new business - from TV and movie productions to industry - to North Carolina.
 
Well, the effort to bring party disloyalty into the debate on HB 1224 blew up rather unceremoniously. Apparently, some "pain-in-the-ass-teabagger web site" spilled the beans before the plan could get underway.
Well, the effort to bring party disloyalty into the debate on HB 1224 blew up rather unceremoniously. Apparently, some "pain-in-the-ass-teabagger web site" spilled the beans before the plan could get underway.
 
Twenty-eight House Republicans bolted party ranks Tuesday, joining 26 Democrats to defeat an economic incentives program that some labeled "corporate welfare."
Twenty-eight House Republicans bolted party ranks Tuesday, joining 26 Democrats to defeat an economic incentives program that some labeled "corporate welfare."
 
The N&O chronicles the movie industry crybabies as they pack up to leave North Carolina in the wake of a state decision to trim and streamline benefits for filming in the state
The N&O chronicles the movie industry crybabies as they pack up to leave North Carolina in the wake of a state decision to trim and streamline benefits for filming in the state
 
Wilmington-area legislators and movie industry types are pretty mad. It looks like incentives for the film industry are not going to survive the state House. These folks REALLY thought they were going to keep getting these goodies. And for good reason.
Wilmington-area legislators and movie industry types are pretty mad. It looks like incentives for the film industry are not going to survive the state House. These folks REALLY thought they were going to keep getting these goodies. And for good reason.
 
The small businesses already would be qualified for the 39 percent tax credit, spread out over seven years, on their investments.
The small businesses already would be qualified for the 39 percent tax credit, spread out over seven years, on their investments.
 
Lobbyists for North Carolina's motion-picture industry, in an attempt to preserve an expiring taxpayer subsidy for film production in the state, are circulating two "talking points" documents to lawmakers attacking the credibility of those who have questioned the figures.
Lobbyists for North Carolina's motion-picture industry, in an attempt to preserve an expiring taxpayer subsidy for film production in the state, are circulating two "talking points" documents to lawmakers attacking the credibility of those who have questioned the figures.
 
This study synthesizes findings from 888 articles published in peer-reviewed journals or by the National Bureau of Economic Research since 1990. We focus on studies that explore relationships between inputs or policies (such as per-pupil expenditure, average teacher salary, class size...
This study synthesizes findings from 888 articles published in peer-reviewed journals or by the National Bureau of Economic Research since 1990. We focus on studies that explore relationships between inputs or policies (such as per-pupil expenditure, average teacher salary, class size...
 
Some businesses would rather avoid competition and prefer instead to rely on government help in the form of special incentives, regulations, or other anti-competitive policies. Fred Smith has spent his career fighting that approach to business. Smith is founder and chairman of the...
Some businesses would rather avoid competition and prefer instead to rely on government help in the form of special incentives, regulations, or other anti-competitive policies. Fred Smith has spent his career fighting that approach to business. Smith is founder and chairman of the...
 
The State of North Carolina, at last count, confiscated $84.2 million from taxpayers in the state (individuals and businesses) and gave it to movie production companies to entice them to make their movies in North Carolina, rather than Hollywood or somewhere else.
The State of North Carolina, at last count, confiscated $84.2 million from taxpayers in the state (individuals and businesses) and gave it to movie production companies to entice them to make their movies in North Carolina, rather than Hollywood or somewhere else.
 
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.
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.
 
"Count yer coins! An' there's no point in tryin' to steal any, Goyle," he added, his beetle-black eyes narrowed. "It's leprechaun gold. Vanishes after a few hours."
"Count yer coins! An' there's no point in tryin' to steal any, Goyle," he added, his beetle-black eyes narrowed. "It's leprechaun gold. Vanishes after a few hours."
 
North Carolina's film tax credits are currently slated to expire at the close of 2014. Accuracy requires use of the word "currently" to underscore the fluidity of the situation.
North Carolina's film tax credits are currently slated to expire at the close of 2014. Accuracy requires use of the word "currently" to underscore the fluidity of the situation.
 
I am honored to be here today. Alas, my message is not altogether pleasant. Indeed, it may be the intellectual equivalent of having a hemorrhoid operation performed by an unlicensed French physician just returned from a wine-laden lunch.
I am honored to be here today. Alas, my message is not altogether pleasant. Indeed, it may be the intellectual equivalent of having a hemorrhoid operation performed by an unlicensed French physician just returned from a wine-laden lunch.
 
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...
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...
 
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