Economy

School Choice: Benefits Are More than Academic

School Choice: Benefits Are More than Academic

Recent Civitas research looked at how school choice in Wake Forest might affect the community's growth, and the findings do suggest such educational options may promote the local economy.

Renewable Mandates Causing NC Energy Rates to Rise Faster than Regional, National Averages

Renewable Mandates Causing NC Energy Rates to Rise Faster than Regional, National Averages

Passage of the Renewable Energy Portfolio Standards (REPS) in North Carolina in 2007 contributed to North Carolina’s electricity rates rising more than twice as rapidly as national and regional averages. An examination of the data shows that in the six years prior to 2007, North Carolina’s electricity rates rose far…

Senate Introduces Competing “Economic Development” Bill

Senate Introduces Competing “Economic Development” Bill

Earlier this month, the NC House introduced the “NC Competes Act,” a bill that would expand the state’s Job Development Investment Grant program (JDIG), and extend targeted tax breaks for datacenters and a major passenger airline. Yesterday, the Senate introduced two bills designed as an alternative. Based on the details…

Why Business Incentives Won’t Help NC

Why Business Incentives Won’t Help NC

By Garland S. Tucker III and Francis X. De Luca: In previous years, Republicans rightly attacked then-Gov. Bev. Perdue’s use of economic incentives to promote growth in North Carolina. Since taking control of the state, however, they have regrettably changed their tune. Gov. Pat McCrory and then-Commerce Secretary Sharon Decker…

EPA Rules Would Choke NC’s Economy

EPA Rules Would Choke NC’s Economy

Gas prices fell below $2.00 a gallon in much of state this month, providing North Carolinians with some extra cash in their pockets to pay off those Christmas credit card bills. Don’t get used to the extra cash, however. The Environmental Protection Agency (EPA) is in the process of implementing…

EPA Rules to Cost NC Tens of Thousands of Jobs, Drive Up Electricity Costs

EPA Rules to Cost NC Tens of Thousands of Jobs, Drive Up Electricity Costs

New rules by the Environmental Protection Agency (EPA) imposing unprecedented restrictions on electric power plants will drive up energy bills and cost North Carolina tens of thousands of jobs, according to a study conducted by the Beacon Hill Institute of Suffolk University and released by the Civitas Institute. The study…

TOP 5 IN ‘15

TOP 5 IN ‘15

Policies the NC General Assembly should address this session Today marks the opening day for the 2015 “long session” for the North Carolina General Assembly. Legislators will confront many pressing issues, foremost among them will be crafting the FY 2015-17 biennial budget. Following is a list of priorities the Civitas…

Under Obama, Labor Force Shrinks to Historic Lows

Under Obama, Labor Force Shrinks to Historic Lows

The labor force participation rate dropped from 62.8 to 62.7 percent in September – the lowest point in 37 years.

Imagine NC Growing Without Handouts to Cronies

Imagine NC Growing Without Handouts to Cronies

Imagine with me for a moment what would happen if Gov. Pat McCrory’s office and state legislative leaders released the following joint statement regarding a special session to address economic development in North Carolina: The governor’s office and leaders of the General Assembly are today calling a special legislative session…

New Study: Oil and Gas Exploration Would be a Huge Win for North Carolina

New Study: Oil and Gas Exploration Would be a Huge Win for North Carolina

The benefits of allowing offshore oil and gas production far outweigh the costs in North Carolina and the rest of the Atlantic states.

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