by Mitch Kokai
Senior Political Analyst, John Locke Foundation
No, that’s not the real headline of the News & Observer‘s story this morning about Lenovo’s plans to open a new personal computer manufacturing operation in Guilford County. Here’s the actual headline:
Lenovo bucks trend with decision to manufacture in U.S.
Still, the following excerpt from the story offered a pleasant surprise:
Another major difference between Lenovo and Dell is that Dell was lured by a pledge of up to $280 million in state and local incentives, which at the time was a record for North Carolina. Lenovo sought no incentives and received none, said state Secretary of Commerce Keith Crisco, who was among the host of dignitaries who attended Tuesday’s news conference.
Why is this good news? The John Locke Foundation has argued for years against targeted tax incentives.