Monday, September 27

North Carolina: Report criticizes performance of state’s incentive program

From WRAL:

“RALEIGH, N.C. — A new analysis of one of the state’s largest programs to entice job growth in North Carolina says a majority of those projects fail to deliver on promises of hiring, wages and investment. … The group’s analysis shows that, since the creation of the program in 2002, the state Commerce Department canceled 60 percent of its JDIG awards after companies failed to meet certain required targets. The findings echo a similar analysis by WRAL News in October, which found firms that received incentives from 2009 to 2012 have so far filled fewer than half the jobs they promised to create.”

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