[youtube_sc url=”http://youtu.be/ZtLdYx9L5i0″ title=”Governor%20McCrory%27s%2025-Year%20Vision:%20Comprehensive%20Solutions” width=”590″ modestbranding=”1″ autohide=”1″ fs=”1″ rel=”0″ hd=”1″] Governor Pat McCrory and Department of Transportation Secretary Tony Tata unveiled their draft 10-year State Transportation Improvement Program (STIP) this morning. It’s one of the final steps toward implementing a new law passed by the General Assembly last year that funds 478 highway projects and will create some 300,000 new jobs […]
Governor Pat McCrory issued the following proclamation designating today as “Small Business Saturday 2014” here in North Carolina: A Proclamation WHEREAS,the State of North Carolina celebrates our local small businesses and the contributions they make to our local economy and community; and WHEREAS, according to the U.S. Small Business Administration, there are currently an estimated […]
Governor Pat McCrory issued the following statement on Friday after North Carolina’s unemployment rate fell to 6.3 percent. That represents a 1.2 point drop from October 2013 and is 2.5 points lower than January 2013 when the governor entered office. “North Carolina has now recovered all of the jobs lost during the recession,” said Governor […]
During the 2012 legislative session, Representative McGrady and his Republican colleagues in the General Assembly made a promise to fix government — a government which had left North Carolinians struggling under a faltering economy, crushing state debt, a bloated and inefficient bureaucracy, costly and over-burdensome regulations, and an outdated and confusing income tax structure. After 140 […]
The latest federal employment report delivers excellent news for North Carolina. That’s the assessment from the John Locke Foundation’s chairman, who notes that state employers added 14,000 new jobs in September. That means a net employment gain of 108,500 over the past year. “That’s a year-over-year growth rate of 2.7 percent, far higher than the […]
From Forbes Magazine: Why North Carolina Got The Highest Grade On Cato’s Fiscal Report Card In less than two years, North Carolina’s governor and legislature have helped to revive the state’s economy. The economy is growing and adding jobs, improving the well-being of North Carolina residents. Governor Pat McCrory took office in January of 2013, joining […]
The recently passed Regulatory Reform Act of 2014 (SB734) will give community college students an opportunity to get a more complete education in the art, science and business of brewing beer — including sell their product on campus. Beer brewing programs have been started at several of North Carolina’s community colleges to “meet a demand […]
From the Wall Street Journal: A year ago, North Carolina became the first state in the nation to exit the federal government’s extended-benefits program for the unemployed. Facing the prospect of job-killing hikes in payroll taxes to pay back Washington, Gov. Pat McCrory and the state legislature instead reduced the amount and duration of unemployment-insurance […]
From the Charlotte Business Journal: North Carolina returns to CNBC’s Top States for Business, claiming No. 5 spot Story by Jen Wilson, Associate Editor/Online Charlotte Business Journal Call it a “Carolina Comeback,” if you will. CNBC counted down its annual Top States for Business ranking throughout the day Tuesday, and North Carolina has reclaimed its place among the best. […]
On the opening day of its 2014 session, the House of Representatives paid tribute to the racing legends inducted into the NASCAR Hall of Fame and commended NASCAR for its many valuable contributions to the traditions of North Carolina’s culture. House Joint Resolution 1030, honoring NASCAR drivers and crew members, passed unanimously in both the House and Senate […]
Guest post by John Hood Although hostilities have been underway for some time, I hereby issue a formal Declaration of War against silly, uninformed talking points repeated endlessly in North Carolina politics. In an earlier column, I cited the example of the state’s unemployment rate. How many times have you heard that claim that North […]
Special thanks to Representative Tom Murry for providing us with this infographic. Click on the image to open a high-resolution PDF.
[youtube_sc url=”http://youtu.be/IYO3tOqDISE” width=”580″ modestbranding=”1″ autohide=”1″ fs=”1″ border=”1″ hd=”1″] “I, Pencil” is a short video based on an essay written by Dr. Leonard E. Read that was first published in 1958 by The Freeman magazine. This timeless essay still evokes praise for its power and simplicity a half a century after it first appeared; the Nobel Prize winning […]
It wasn’t that long ago when the very same people who are now lambasting the General Assembly for broadening the sales tax base were saying that raising the sales tax rate on everybody was a good idea. In fact, they liked increasing the sales tax so much they tried to do it twice in just […]
Since 2011, N.C. Unemployment Rate has dropped 39 percent and more than 200,000 jobs have been added Speaker Thom Tillis released the following statement after North Carolina’s unemployment rate dropped again in March to 6.3 percent — the lowest it has been in almost six years and still below the national average. North Carolina also […]
This year’s tax reform efforts will lead to a tax cut for the average North Carolina household in every income category. The benefits from these changes will more than compensate for any minor expansions of the sales tax base or the end of the state’s Earned Income Tax Credit (which amounts to an average of […]
The Revenue Laws Study Committee, a bipartisan group comprised of members of both the House and Senate, met early this morning to discuss what are known as “privilege license taxes.” A privilege license tax is an additional fee that’s imposed on business owners by city governments for the “privilege” of either locating a business within a […]
“North Carolina’s jobless rate fell to 6.7 percent in January from 8.8 percent a year earlier, a 2.1 percentage point drop that was the biggest among the 50 states…” — Bloomberg The latest jobs report from the North Carolina Department of Commerce and the U.S. Bureau of Labor Statistics (BLS) shows a continuation of an […]
A new law will make it easier for restaurants along state roadways to offer sidewalk dining. House Bill 192 allows the North Carolina Department of Transportation (NCDOT) to enter into agreements with local governments to enact ordinances permitting sidewalk dining in some state rights-of-way. Professor Richard D. Ducker of UNC’s School of Government prepared this […]
A bipartisan new law will lower costs for home buyers by preventing pesky local governments from imposing additional regulations that are not currently authorized under the state’s building code, ensuring that the required types of inspections are uniform across the state. House Bill 120 also extends the life of home construction regulations from three years […]
A new law creates a property tax deferral program for sites with potential to be developed for office or industrial use while encouraging horizontal improvement so as to make the sites more readily adapted to those uses in a shorter timeframe. In order to qualify, the site must be zoned for office and/or industrial use; […]
In the United States, skilled trades are among the hardest jobs to fill; according to the U.S. Department of Labor, there are currently 645,000 jobs open in the trade, transportation and utilities sector — and more than a quarter of a million jobs available in manufacturing. A new law will help address that gap in […]
After the Obama administration ended North Carolina’s eligibility for an additional 99 weeks of federal unemployment benefits starting in July of 2013, the number of people taking jobs in the state has trended dramatically upward. Source: Bureau of Labor Statistics, U.S. Department of Labor.
North Carolina municipalities and counties issue debt or bonds to pay for specific projects such as schools, jails, county or municipal buildings, libraries, water treatment plants, streets, and sidewalks, among other things. Historically, all debt issued by local governments was voted on in referenda and issued as General Obligation or ‘GO’ bonds. Over time, local […]
[youtube_sc url=http://www.youtube.com/watch?v=hRd1H4HXv5M#t=520 rel=0 fs=1 autohide=1 modestbranding=1 width=590 ]Kelly McCullen reports for UNC-TV’s North Carolina Now and Legislative Week in Review on the General Assembly’s recent Unemployment Insurance reforms, including a fascinating interview with Assistant Commerce Secretary of Employment Security Dale Folwell. Follow Kelly McCullen on Twitter at @kellymccullen.
[youtube_sc url=http://youtu.be/SlqwCeiCs4o rel=0 fs=1 autohide=1 modestbranding=1 width=590 ]Representative David Lewis speaking at NC FreeEnterprise Foundation‘s 2013 Leadership Luncheon at the Angus Barn in Raleigh. Follow Representative Lewis on Twitter at @RepDavidRLewis.
From a December 11 Wall Street Journal editorial: “Some smart states have begun to resist Uncle Sam’s not-so-free unemployment benefits and loans. While the feds have financed longer unemployment benefits, states in return have had to agree not to cut recipients’ weekly payments. North Carolina, for example, was criticized as heartless for scaling back benefits […]
If you are even an occasional reader of this space, you know that I put very little stock in “best places for business” lists. There are too many of them, reflecting too many different and mutually incompatible methodologies. They produce conflicting information and often bear little relationship to what is really going on in state […]
To be frank, sometimes legislation that’s passed by the General Assembly just isn’t, well…very exciting. Some bills do nothing more than make seemingly minor technical changes to an existing law or put clarifying language on the books so that the legislature’s intent is less ambiguous down the road. HB743, now law, is such a bill. […]