Opinion

NCInnovation would be just more crony capitalism

A provision included in the Senate budget proposal would direct $1.4 billion in taxpayer funds to a project to subsidize select private businesses.  NCInnovation is a 501(c)(3) nonprofit organization dedicated to increasing the amount of university research being commercialized by North Carolina companies. According to their research, North Carolina ranks 20th in the country in...

Brian Balfour
Opinion

Greensboro parking deck battle has larger political implications

GREENSBORO —Who would think that building parking decks — those generic, innocuous concrete and steel structures where we leave our cars for a few hours while we pursue work and leisure — would have strong political implications? As a 30-year resident, I would say “only in Greensboro,” though most cities probably face complicated parking issues...

Sam A. Hieb
Opinion

Focus on growth, not development

North Carolina should abandon economic development policy and completely refocus on economic growth. These are distinctly different goals that more often than not conflict with each other. Most policies meant to promote economic development create economic inefficiencies and therefore hinder economic growth. For decades North Carolina has been pursuing “economic development policy.” Indeed, the N.C....

Dr. Roy Cordato
Opinion

New Markets Tax Credit Signals Wrong Turn

Like a recovering addict on the verge of a major binge, some North Carolina lawmakers are on the brink of falling back into the black hole of tax credits. Rather than serving as a national model for tax and regulatory reform, North Carolina risks becoming, again, a national leader in crony capitalism. Senate Bill 826,...

Becki Gray

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Opinion

Time to dump economic development policy

North Carolina should abandon what it has been referring to for years as economic development policy and completely refocus its efforts in the area of economic policy on economic growth. These are distinctly different goals that more often than not come into conflict with each other. Most policies meant to promote economic development create economic...

Dr. Roy Cordato
Opinion

New Market Tax Credit Provision Would Enable Crony Capitalism

Like a recovering addict on the verge of a major binge, some North Carolina lawmakers are on the brink of falling back into the black hole of tax credits. Rather than serving as a national model for tax and regulatory reform, North Carolina risks becoming, again, a national leader in crony capitalism. Triggering this addictive...

Becki Gray