Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Business & Economy

Report Calls for Reform of Economic Incentives

Better incentives for economic development are one way to tackle North Carolina's high unemployment rate. That's according to the non-profit North Carolina Budget & Tax Center. Report author Allan Freyer says the state should change how it attracts companies.

Allan Freyer: The state should reform its economic development incentive policies, specifically to be geared toward creating more and better jobs for the state's workers along with a more accountable job creation process, so that firms actually live up to the promises they make in exchange for the taxpayer dollars we give them.

Freyer says the state should target high-growth, high-wage industries, as the state's industrial profile changes. The report also recommends tighter requirements on wages, performance, and longevity for all companies receiving incentives. It argues that otherwise, the investments aren't worth it.

Find the report here

More Stories