Category: Business and Regulations

  • Supreme Court Rules on Home Fines

    CHARLOTTE — Homeowners’ associations formed before 1999 do not have the inherent authority to levy fines, according to a recent ruling by the N.C. Supreme Court. The decision came in a case involving a Raleigh couple's dispute with their homeowners’ association over a retaining wall. The critical issue to the…

  • No. 699: Policymakers Should Embrace Corporate Outsourcing

    Corporate outsourcing from the United States to Asian and South American economies has recently become one of the major issues of debate among policymakers and trade unions in the United States. More and more, company CEOs, especially in the hi-tech sector, are turning to low-cost alternatives in Asia, such as…

  • Airports Aim for Additional Service

    CHARLOTTE — Six North Carolina cities are proposing incentives of $5.4 million to help establish additional airline service. The communities — Fayetteville, Hickory, Kinston, Moore County (Pinehurst and Southern Pines), New Bern, and Wilmington — hope to combine federal grant money with local funds to attract a commuter air carrier…

  • Ban Drives Lenders from NC

    RALEIGH — In response to the General Assembly’s failure to re-authorize payday lending in North Carolina this session, retired Carolina Panther wide receiver Willie Green will close one of his check-cashing stores in Gastonia and continue opening businesses in Kentucky, which allows the loan service. “If North Carolina doesn’t want…

  • Time for the Truth on Tourism

    Everbody's heard this one: Tourism is one of North Carolina's most important industries and holds the key to our economic future. Too bad it's basically nonsense.

  • Businesses: Credits Not Decisive

    RALEIGH — A second Commerce Department report on the William S. Lee Act released in as many weeks indicates that 95 percent of the time targeted tax credits are not a “deciding factor” for companies when they make investments or hire workers. The department’s newest report was based on a…

  • Incentives Lawsuit Is Dismissed

    RALEIGH—A lawsuit filed by a legal association against the state that maintained that offering tax rebate incentives to film companies violates the “public purpose” requirement in the North Carolina Constitution was dismissed Monday in Wake County Superior Court. Judge Narley Cashwell sided with lawyers representing the state, who argued that…