John Locke Update / Impact Newsletter

State Incentives

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The standoff between Gov. Easley and the Legislature over the Goodyear Tire Co. giveaway ended up costing the state $60 million instead of the original $40 million.  Although the cost to the state increased, Becki Gray and many staff members (including the work done by Joe Coletti in a Press Release and Fayetteville Observer article) at the JLF did a tremendous job of providing information showing the ineffectiveness of a state-sponsored incentive policy for businesses, especially those that are already committed to the state. While the overall battle was lost, a core anti-incentive legislative group was formed, and for that, the state can be thankful. Change will be slow.  In the meantime, tax dollars and Tax-Increment Financing will continue to go towards ill-advised investment, like Kannapolis’s research campus

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We are North Carolina’s Most Trusted and Influential Source of Common Sense. The John Locke Foundation was created in 1990 as an independent, nonprofit think tank that would work “for truth, for freedom, and for the future of North Carolina.” The Foundation is named for John Locke (1632-1704), an English philosopher whose writings inspired Thomas Jefferson and the other Founders.

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