Imports to North Carolina rise, but tariffed industries see decline
While imports to North Carolina have increased by 40% overall since May, industries with tariffs already enacted show a clear decrease in imports.
North Carolina’s automotive manufacturing sector—home to more than 300 companies and 37,000 workers—is facing renewed uncertainty as new federal tariffs on steel and aluminum threaten to raise costs.
A new Web portal will make it easier for citizens, researchers, and policymakers to see how much each unit of North Carolina government is spending, and on what.
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 Assembly to consider changing state law to make local incentives information more transparent.
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 Assembly to consider changing state law to make local incentives information more transparent.
RALEIGH — Today, Carolina Journal Radio’s Mitch Kokai discusses with Dean Webster, executive director of NC Institute for Constitutional Law, the legislature’s approval of targeted tax incentives packages for Goodyear and Bridgestone/Firestone. (Go to http://www.carolinajournal.com/cjradio/ to find a station near you or to learn about the weekly CJ Radio podcast.)
Is there any limit to the kind of corporate welfare Gov. Mike Easley is willing to pass out?
North Carolina’s latest targeted tax incentives plan answers questions about the confusing goals of economic development.
Winning costly victories famously caused Pyrrhus to lose a bloody and consequential war. Perhaps it will do the same for the architects of this week's legislative disaster.
Veto the bill, Gov. Easley. Fayetteville, the tire industry, and the North Carolina economy will survive.