5 Comments for this article

Tags: , , , , , , , ,


RALEIGH, NC (AP) — North Carolina lawmakers are considering breaking with a generation of state job-hunting efforts and giving corporations upfront money to move.

A state House tax-writing committee on Wednesday set up negotiations with the Senate on legislation creating a new fund with $20 million this year entrusted to one of Gov. Pat McCrory’s appointees.

That person is Commerce Secretary Sharon Decker. She says the state’s nearly two decades of luring companies with tax breaks only available after workers were hired and factories built is no longer enough to draw big manufacturing projects going elsewhere.

Decker says aviation and car companies are going to be hunting for factory sites in the coming decade, with lots of jobs in the balance.

Some conservatives and liberals criticize the proposal as corporate welfare.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comment on this Story

Related News