Our friend Jeanette Doran of the NC Institute for Constitutional Law penned this op-ed in the N&O on the issue of North Carolina’s economic incentives, and Gov. McCrory’s still vague plan to turn over the state’s incentives programs to a “private non-profit.” Among Doran’s concerns is the issue of transparency:
Records of the negotiations aren’t available until the negotiations are over. Current law exempts economic development records from disclosure until 25 days after an incentive is announced or a business announces it will not locate in North Carolina. By then it is too late for taxpayers to weigh in.
Privatization of economic development efforts does nothing to redress these problems and, in the case of public records and transparency issues, may actually make things worse.