Government can do something for the people only in proportion as it can do something to the people. -Thomas Jefferson At this point budget cuts come as no surprise to government-funded programs, and as such they are already looking for ways to circumvent their budget shortfalls. A time-honored and quickly adopted solution is to increase […]
“Tell me about rules that defy common sense—rules that hinder job creation—slow progress… I can promise, North Carolina will listen to you.” – Governor Bev Perdue While Gov. Bev Perdue announced recently that there would be no new rules allowed to encumber businesses, a universally applauded measure to help expedite the economic recovery effort, the […]
It’s budget season again and the new Republican majority in Raleigh is scrambling to come up with almost $4 billion to fill in the state budget hole. Budget items that are paid for by the General Fund, such as education, Medicaid and public safety are going to get the lion’s share of attention. But […]
The January 2011 announcement of 1,900 jobs lost at the American Express Greensboro location is more jobs lost in Guilford County than in all of 2010 closings and layoffs put together. An area typically registering above the statewide unemployment average is now watching as a 25 year-old Greensboro big hitter call center takes its jobs, and philanthropic support, to Phoenix, Az., Salt Lake City, Utah, and Ft. Lauderdale, Fla. . . .
Reflecting on the economic reality in North Carolina throughout the recently-completed year of 2010 reveals some grim truths about the so-called stimulus, which should have by now long since rescued us from the depths of recession.
The current $3.7 billion budget deficit facing North Carolina presents a golden opportunity to re-evaluate the size and scope of state government. Presented with this opportunity, however, Governor Bev Perdue has failed to clearly articulate her vision for government’s role in society.
Nearly $800 billion and two years later, state government analysts are revealing the true impotence of the American Recovery and Reinvestment Act (ARRA); aka the federal stimulus bill. Recent data produced by North Carolina’s Fiscal Research Division shows that the federal stimulus in North Carolina has failed to live up to its name in terms of private sector job growth throughout the duration of the recession.
Five goals that spell out the purpose of three North Carolina Aquarium fishing piers do not mention the word jobs. The three piers are Jennette’s Pier – currently under construction in Nags Head – and Emerald Isle and Carolina Beach piers, which are both in early stages of financing and development. Once the projects are done, North Carolina taxpayers will help finance $56 million to $75 million of the construction, as well as help pay for each pier’s operating and personnel budgets every year.
In the recently completed election season, every candidate promised to be the one to trust to "create jobs." Indeed, in spite of some pretty heated rhetoric, jobs remained the most-used four-letter word on the campaign trail.
North Carolina’s private sector workforce shrank by 0.8% over the past decade. Only 15 states saw losses at a greater rate. That’s the finding of an analysis which compared total private sector jobs from January 2000 to July 2010. North Carolina is among 18 states experiencing a net loss of private sector jobs since the beginning of 2000.
Debate over expanding North Carolina’s film incentive program prompted the Civitas Institute to investigate the types of movies produced here. Roughly $700,000 taxpayer dollars went to subsidize the production of a raunchy R-rated film entitled, “A Good Old Fashioned Orgy” in 2008. According to Internet previews of the film, the plot centers around a group of 30-somethings still living at home who decide to throw an end of summer party that turns into an orgy. The film’s parent company, GOF Productions, applied for and received film incentive credits from the North Carolina Department of Revenue totaling $713,104. The film has not yet been released in theaters.
State politicians, ranging from Gov. Beverly Perdue to U.S. Sens. Richard Burr and Kay Hagan, descended on the Research Triangle Park recently to help celebrate an economic incentive deal with Cree Inc., a Durham-based light manufacturer. The deal will reportedly "create" 244 jobs.
Over the last decade, the number of North Carolinians in the unemployment line almost tripled, increasing by nearly 300,000. At the same time, the state was a net loser of private sector jobs, with more than 130,000 such jobs being lost from 2000 to 2010.
From 2000 to 2009, 73 of North Carolina’s 100 county governments grew their workforce at a faster pace than their respective private sector employment. Furthermore, 60 county governments expanded their payrolls at a rate that exceeded the county’s population growth over the same period. Find out where your county ranks!
Most everyone assumes the economy and unemployment are the two most important issues in deciding the elections this year, but are those the only issues that matter to voters? In Part 2, we sort through the numbers to find out.