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Drugmaking giant Merck lands state, local tax incentives

North Carolina taxpayers are paying Merck, the $210 billion dollar pharmaceutical company that produces Viagra, among other drugs, some $12.5 million in tax incentives to build in Durham.  North Carolina has a robust history of giving targeted tax breaks to encourage particular businesses. The state’s Job Development Investment Grant Program alone will need $71.6 million...

Julie Havlak

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On Milking A State’s “Cash Cow”

RALEIGH — A workshop conducted in late March, led by experts in getting economic development incentives from state and local governments, shows that large companies are now banding together to learn how to extract as much public money as possible from elected officials. The seminar taught dozens of corporate government-relations executives how to “Turn Your State Government Relations Department from a Money Pit into a Cash Cow.” It urged companies in part to “involve elected officials in press announcements;” to “thank everybody a zillion times;” and to “be mindful of the election and legislative cycle.” Two NC lawmakers criticized the presentation and what it signified.

Paul Chesser