RALEIGH — North Carolina’s largest cities dealt with nearly 240 economic development contracts and promised $65 million in incentives from 2009 to 2014, according to a new John Locke Foundation Spotlight report. Actual incentives payments topped $20 million during the same five-year period. Winston-Salem awarded $20 million in incentives, the…
RALEIGH — N.C. counties entered into incentives contracts totaling nearly $284 million from 2009 to 2014, according to a first-of-its-kind John Locke Foundation Policy Report compiling statewide local incentives data. The report shows actual incentives payments totaled $144 million over the same five-year period. Report authors urge the N.C. General…
RALEIGH — N.C. counties entered into incentives contracts totaling nearly $284 million from 2009 to 2014, according to a first-of-its-kind John Locke Foundation Policy Report compiling statewide local incentives data. The report shows actual incentives payments totaled $144 million over the same five-year period. Report authors urge the N.C. General…
RALEIGH — North Carolina lawmakers would harm, not help, the state’s economic growth if they extend and expand corporate tax incentive programs. That’s the key conclusion from a new John Locke Foundation Spotlight report. The report arrives as legislators debate the future of the state’s incentives.
The governor and leading lawmakers have staked out different positions on the best way to encourage economic growth and prosperity.
Giving public money to loser corporations imposes real costs, even if clawback provisions let government get its money back eventually.
The ongoing debate over government giveaways offers an opportunity to re-evaluate state policies for producing jobs.
It’s hard to assess the economic impact of policy changes when they’re intertwined in a convoluted set of intertwined proposals.
Research that focuses on benefits from targeted tax incentives, without considering the costs, offers policymakers, voters, and taxpayers no useful information.
It’s time to retire the well-rehearsed dance routine involving favored industries and their government supporters.
