The $846 million subsidy deal that North Carolina struck with Apple just topped the “year’s worst” list of a nonpartisan economic think tank. The Center for Economic Accountability selected the 39-year agreement to put Apple’s campus in Research Triangle Park as the “Worst Economic Development Deal of the Year,” saying that its annual $21 million...
The economy is rigged, but not in the way Bernie Sanders thinks – capitalism is not the problem. Instead, an active, hands-on economic approach has allowed corporations and politicians to rig the tax code in their favor. To find an example of what I am talking about, look no further than the recent announcement from...
This week Apple Inc. announced North Carolina will be the new home to a billion-dollar campus working in machine learning, artificial intelligence, and software engineering. The move will create 3,000 jobs that pay an average of $187,000 annually. It is a high-impact announcement for the area around the state capital, Raleigh/Durham and Cary, but the...
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. It also dashed hopes in Raleigh and the Research...
Starting in 2011, North Carolina lawmakers have implemented transformational changes resulting in a strong and growing economy. More people are working, more opportunities are available, and a streamlined, more efficient state government is treating residents more fairly and equitably. We’ve come a long way. Don’t mess it up. Faced with a $2.6 billion shortfall in 2011, legislative leadership had to make big changes quickly. They reduced...
For every high-touted industrial prospect that goes to some other state, keep in mind that many more young, less-famous companies are looking for the right place to launch and begin their growth cycles.
The 2009 session featured higher taxes, increased spending, and more regulations. There were, however, a few bright spots.
