Check out NCICL's June newsletter for updates on more awesome summer interns, our community involvement, press mentions, and incentives cases that we're keeping a close eye on.
Check out NCICL's May newsletter for updates on our new summer interns and law clerks, our community involvement, press mentions, and incentives cases we're keeping a close eye on.
Check out NCICL's April newsletter for updates on our community involvement, press mentions, and incentives cases we're keeping a close eye on.
Hot off the presses, the Tax Foundation just unveiled the 2011 version of its well-known publication, “Facts & Figures: How Does Your State Compare?” This report evaluates the 50 states on 32 different measures of taxation and spending, including individual and corporate income tax rates, tax burdens, business tax climates, excise taxes, and state spending. So where does the Tar Heel state fall in some of the key categories?
Incentives Failures: Four local companies forced to terminate grants Four area companies lured by state incentives have said they can’t meet their hiring goals and therefore must shut down their incentive grants. The terminations are just one more example of how economic development incentives end up hurting the very people they’re intended to help.
Bayer CropScience plans to build a $20 million greenhouse that will only employ 25 people in RTP. The new building will provide support to a project Bayer first announced in 2009, for which it received $2.3 million in incentives to create a Bio Science Innovation Center in Morrisville.
This week the governor vetoed the Legislature’s budget-savings bill in order to protect money in some of the state’s largest incentives funds. Shrouded in secrecy, Perdue’s office sent out a message on Twitter that pointed to several potential projects across the state that they said could be jeopardized if the governor’s deal sweeteners were taken away.
If you were privy to the governor’s State of the State speech Monday night you might be under the false impression that North Carolina has added thousands of jobs over the last two years. This couldn’t be further from the truth...
In only their second week back in session, the N.C. General Assembly took up the issue of reigning in the state’s economic incentive handouts in order to close a gaping budget gap. Last week, the state Senate approved transferring $142 million to the General Fund from over 20 funds including those that award economic development incentives to handpicked businesses. Yesterday, the House approved the same measure and a final vote on the bill is expected today.
Politicos on both the national and local levels were forced to face their respective budget crises this past week as President Obama delivered the State of the Union address on Tuesday night, followed by the North Carolina General Assembly having their first day back in session on Wednesday.
Despite the inclement weather this week, the team at NCICL was out fighting corporate welfare and following the money as usual. On Monday, Senior Attorney Jeanette Doran went before the NC Court of Appeals to participate in oral arguments in the “Johnson & Wales” case.
This past week, many residents of North Carolina got another dose of bad news on the job creation front. On Tuesday, the N.C. Employment Security Commission reported that the Triad jobless rate rose to 10.2 percent in November, up from 9.5 percent in October.
RALEIGH, DECEMBER 21st --This week, the Wake County Superior Court rewarded NCICL for fighting corporate welfare and economic incentives handouts when it ruled in favor of the Institute in a public records lawsuit filed against the Secretary of State’s office back in 2009. In fulfilling its mission, to act as a public interest watchdog for the citizens of North Carolina, NCICL learned last year that SpiritAero Systems received a massive economic development incentives package and apparently employed an individual to lobby government officials for incentives.
Dear Readers: NCICL’s Corporate Welfare Weekly has had a slight facelift. The new name for our economic newsletter is Follow the Money. While the primary focus will remain tracking the state’s incentives giveaways, we will also focus on broader economic issues impacting North Carolina. Our goals remain the same: to hold our elected officials accountable, and help our readers follow where their hard earned money really is going.
This week it was hard to pick up a newspaper without reading about North Carolina’s “anemic budget.” In fact, on Thursday it was reported that the budget shortfall is actually closer to $4 billion. According to the Raleigh News & Observer...