Durham just dropped a fat wad of tax breaks into the lap of Nitronex.  Speaking with NCB 17, Chad Adams dissected Durham’s $100K offer, showing that bidding up incentives isn’t a good idea for the future of NC. It doesn’t matter that the incentives package was only $100 thousand dollars – it’s not the amount that’s given out, it’s the philosophy behind the action.  As Paul Chesser points out in a CJ Exclusive picked up by WRAL, if our state has a reputation for handing out incentives, they can easily be strong armed into giving out increasingly bigger pay outs, as may have happened in the Google deal.  And if pure tax breaks isn’t enough, Sen. Hartsell thinks its a good idea to have the state invest in a venture capital fund.  If created, this fund would put the state in a position of choosing winners, almost certainly making room for a far greater role for politics in business, said John Hood in the Independent Tribune.