by Jon Sanders
Research Editor and Senior Fellow, Regulatory Studies, John Locke Foundation
My research brief tallying all of Gov. Roy Cooper’s corporate giveaways for 2020 contains some interesting statistics. Here’s a teaser:
Cooper’s corporate welfare tally for 2020 is jaw-dropping: $519.3 million pledged to just 48 corporations.
Oh, but won’t it create jobs? How do the promised jobs compare with the 222,300 jobs lost? Cooper’s corporate welfare will supposedly lead to 11,600 new jobs —about one-nineteenth the number of jobs destroyed. And that would cost the state $44,764 per job created.
(Another problem: the jobs promised from those corporate welfare announcements have a nasty habit of not materializing.)
North Carolina needs a Freedom & Growth–based approach to job creation, and the sooner, the better.