Civitas Review

Economics Archives

  1. Jul

    R's Channelling Easley, Perdue to Defend Corporate Welfare

    Posted in Budget & Taxes, Economics By Brian Balfour | Tagged

    Details of the corporate welfare expansion provisions tucked into HB 1224, the bill that also caps local sales tax rates, are emerging. The background: The bill would direct $12 million toward a company that owns a Western North Carolina paper mill, add $14 million in grants to recruit companies and start a new fund that […]

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    Guess What Grade NC Gets for Small-Business Friendliness

    Posted in Economics By Jim Tynen | Tagged , ,

    North Carolina authorities like to tout surveys about how business-friendly the state is. I haven't heard much about a new survey by a website called Thumbtack and the Kauffman Foundation, as mentioned in The Economist magazine. The state's overall rating was a C-plus. Most of its individual grades were above average, but not sterling. It's […]

  3. 1

    Why Do NC Cities Lag Behind in Economic Growth?

    Posted in Budget & Taxes, Economics By Matthew Henry Young

    A new study by the Manhattan Institute suggests North Carolina’s income tax may be hampering economic growth in the state’s metropolitan areas. The well-known think tank analyzed economic growth in the United States, ranking the nation’s 100 largest metropolitan areas based on per capita GDP, per capita personal income, and private sector employment. The study […]

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    Charlotte fights losing battle for new jobs.

    Posted in Budget & Taxes, Economics, Transportation & Infrastructure By Matthew Henry Young

    Apparently, the Queen City just doesn’t have enough resources to allow it to compete with neighboring areas for new jobs. This week, three large companies announced their intentions to move to nearby cities in South Carolina. Giti Tire, a Singapore based manufacturer that sells tires through Wal-Mart, will build a 1.8 million square-foot manufacturing and […]

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    Targeted Tax Credits: Enriching Cronies, Crushing the Little Guy

    Posted in Economics By Brian Balfour | Tagged , , ,

    One issue being hotly debated this summer in Raleigh is the issue of film industry tax credits. It seems that  R's and D's are fairly united in their support for some sort of political privilege – be it a continuation of the tax credit scheduled to expire, or transforming to a 'grant' program – to […]