Budget, Taxation & Economy
VinFast: VinSlow?
The Chatham County VinFast site, which received a $1.2 billion economic development incentives package, is delaying vehicle production until 2028.
Economic development incentive
cash or near-cash assistance provided on a discretionary basis to attract or retain business operations
Research Brief
Budget, Taxation & Economy
Economic Development Incentives: Are They Worth It?
North Carolina continues to make headlines for its economic development incentives. These projects are lauded for creating jobs, but in reality, the projects rarely meet the job goals and are…
Budget, Taxation & Economy
New Carolina Journal Online features
Donna King reports for Carolina Journal Online on North Carolina’s nearly $1 billion incentive deal for Apple. John Hood’s CJ Opinion explains how conspiracy theories damage democracy.
Budget, Taxation & Economy
Research finds incumbent governors release a flood of incentives during election years
In 2019, which was not an election year, Gov. Cooper pledged $146 million in incentives grants. In the election year of 2020, however, Cooper pledged over $519 million. That's over half a billion…
Budget, Taxation & Economy
Economic Development Incentives Not Creating Jobs Promised
This week, JLF’s Jon Sanders wrote a research brief examining a recently released WRAL report by Tyler Dukes. The report examined the number of jobs created from North Carolina’s Job…
Budget, Taxation & Economy
New Carolina Journal Online features
Lindsay Marchello reports for Carolina Journal Online on the bill that would shake up membership of boards overseeing N.C. elections and ethics enforcement. Jon Sanders’ Daily Journal ponders N.C. incentives…
Budget, Taxation & Economy
Why do politicians offer economic development incentives?
The state’s long-term commitment of incentives to Apple and others, is “just burning money,” according to Nathan Jensen of the University of Texas. He told WRAL that past 20 years, What…
Budget, Taxation & Economy
JLF’s Joe Coletti Talks To WRAL About Folly of Incentives
Tyler Dukes of WRAL reports: In the wake of the 2008 recession, about four of every 10 of the jobs state officials hoped to lure to North Carolina with the…
Liberty
Another Failed Incentive Scheme
And this is why incentives to companies to build or expand in particular areas are a bad idea. Three years ago, General Foam Products Corp got hundreds of thousands of…
Liberty
Another corporate welfare failure
I wish I found these sorts of stories surprising, but I don’t. Caterpillar, after receiving millions in taxpayer dollars through state and local incentive packages, now says it can’t meet…
Liberty
It’s not ‘job creation’ to kill jobs in one state industry to move them to another state industry
Why that's not screamingly obvious to everyone, including media, is a mystery to me. But the whole of economic incentives for a company or industry — i.e., corporate welfare or…
Liberty
More corporate welfare in Cary
The town of Cary is at it again. According to The News & Observer, the town is considering an incentive grant of just over $200,000 to Kellogg’s for a $19.5…