|
North Carolina's
Business Climate - A Negative Trend
"Site Selection Misdirection"
I've
shared the podium with Representative Hugh Holliman (Democratic
Majority Leader - NC House) several times over the past year when
we've been asked to give our perspective on the business climate in
North Carolina. Rep. Holliman never fails to mention North
Carolina's top 10 rating by Site Selection Magazine, but what he
fails to mention is that North Carolina's rating has slipped each
and every year for the past four years. With the tax increases
imposed in 2009 and other business unfriendly legislation passed
under the watch of the Democratic Party majority, I'm afraid the
trend will continue.
If Rep.
Holliman and the members of the majority want to continue to justify
increasing taxes and wasteful spending, they need to come up with a
better justification than a spin on a misleading indicator that is
trending in the WRONG direction.
CLICK this link to read the editorial posted on the Charlotte
Observer website or read below.
N.C. shows signs of slipping with businesses
Posted: Monday, Mar. 08, 2010
From an editorial published March 5
in the (Greensboro) News and Record:When
ConAgra Foods announced Wednesday it will shut its Slim
Jim plant in Garner and move production to Troy, Ohio,
it followed a trend.
Ohio finished first in Site Selection magazine's 2009
standings, also released Wednesday. The placement was
based on the number of new and expanded corporate
facilities.
North Carolina ranked seventh, an enviable position
but a dip from fifth in 2008, fourth in 2007 and third
in 2006.
North Carolina also slipped last year in the annual
United Van Lines study. Looking at more than 140,000
interstate household moves, United found more families
moving into North Carolina than moving out. But the
state's ranking as a destination was 10th-best, compared
to third just the year before.
The Charlotte Observer reported similar findings
Thursday for the state's largest city:
"The influx of newcomers to the Charlotte region,
long a beacon of the area's success, has slowed since
the unemployment rate surged. An analysis of the latest
Census data shows notable drop-offs in out-of-state
transplants and 20-somethings."
The banking crisis hit Charlotte particularly hard,
but its growth rate for many years before that provided
a huge boost for the state's economy.
By some measures, including an unemployment rate
that's higher than the national average, North Carolina
isn't doing well.
Although still attractive to new residents and
businesses, the appeal doesn't seem to be as strong as
it was just a few years ago. Leaders need to discover
the reasons - whether tax rates, education,
infrastructure, regulatory costs - and make adjustments.
Ohio lured ConAgra Foods with a promise of no
property taxes for 15 years - a concession worth about
$3 million. North Carolina has been competitive in
bidding for businesses but lost out this time.
Offering tax breaks and other incentives isn't the
best economic development strategy. North Carolina and
individual regions have other selling points. But
evidence is building that we're no longer at the top of
our game, and that must be fixed.
N.C. Opinions is an occasional feature offering
editorial viewpoints from a variety of newspapers. The
views expressed are not necessarily those of The
Observer's editorial board.

Read more:
http://www.charlotteobserver.com/2010/03/08/1296773/nc-shows-signs-of-slipping-with.html#ixzz0iY0bnb4K
N.C. shows signs of slipping with businesses
Posted: Monday, Mar. 08, 2010
From an editorial published March 5
in the (Greensboro) News and Record:When
ConAgra Foods announced Wednesday it will shut its Slim
Jim plant in Garner and move production to Troy, Ohio,
it followed a trend.
Ohio finished first in Site Selection magazine's 2009
standings, also released Wednesday. The placement was
based on the number of new and expanded corporate
facilities.
North Carolina ranked seventh, an enviable position
but a dip from fifth in 2008, fourth in 2007 and third
in 2006.
North Carolina also slipped last year in the annual
United Van Lines study. Looking at more than 140,000
interstate household moves, United found more families
moving into North Carolina than moving out. But the
state's ranking as a destination was 10th-best, compared
to third just the year before.
The Charlotte Observer reported similar findings
Thursday for the state's largest city:
"The influx of newcomers to the Charlotte region,
long a beacon of the area's success, has slowed since
the unemployment rate surged. An analysis of the latest
Census data shows notable drop-offs in out-of-state
transplants and 20-somethings."
The banking crisis hit Charlotte particularly hard,
but its growth rate for many years before that provided
a huge boost for the state's economy.
By some measures, including an unemployment rate
that's higher than the national average, North Carolina
isn't doing well.
Although still attractive to new residents and
businesses, the appeal doesn't seem to be as strong as
it was just a few years ago. Leaders need to discover
the reasons - whether tax rates, education,
infrastructure, regulatory costs - and make adjustments.
Ohio lured ConAgra Foods with a promise of no
property taxes for 15 years - a concession worth about
$3 million. North Carolina has been competitive in
bidding for businesses but lost out this time.
Offering tax breaks and other incentives isn't the
best economic development strategy. North Carolina and
individual regions have other selling points. But
evidence is building that we're no longer at the top of
our game, and that must be fixed.
N.C. Opinions is an occasional feature offering
editorial viewpoints from a variety of newspapers. The
views expressed are not necessarily those of The
Observer's editorial board.

Read more:
http://www.charlotteobserver.com/2010/03/08/1296773/nc-shows-signs-of-slipping-with.html#ixzz0iY0bnb4K
N.C. shows signs of slipping with businesses
Posted: Monday, Mar. 08, 2010
From an editorial published March 5
in the (Greensboro) News and Record:When
ConAgra Foods announced Wednesday it will shut its Slim
Jim plant in Garner and move production to Troy, Ohio,
it followed a trend.
Ohio finished first in Site Selection magazine's 2009
standings, also released Wednesday. The placement was
based on the number of new and expanded corporate
facilities.
North Carolina ranked seventh, an enviable position
but a dip from fifth in 2008, fourth in 2007 and third
in 2006.
North Carolina also slipped last year in the annual
United Van Lines study. Looking at more than 140,000
interstate household moves, United found more families
moving into North Carolina than moving out. But the
state's ranking as a destination was 10th-best, compared
to third just the year before.
The Charlotte Observer reported similar findings
Thursday for the state's largest city:
"The influx of newcomers to the Charlotte region,
long a beacon of the area's success, has slowed since
the unemployment rate surged. An analysis of the latest
Census data shows notable drop-offs in out-of-state
transplants and 20-somethings."
The banking crisis hit Charlotte particularly hard,
but its growth rate for many years before that provided
a huge boost for the state's economy.
By some measures, including an unemployment rate
that's higher than the national average, North Carolina
isn't doing well.
Although still attractive to new residents and
businesses, the appeal doesn't seem to be as strong as
it was just a few years ago. Leaders need to discover
the reasons - whether tax rates, education,
infrastructure, regulatory costs - and make adjustments.
Ohio lured ConAgra Foods with a promise of no
property taxes for 15 years - a concession worth about
$3 million. North Carolina has been competitive in
bidding for businesses but lost out this time.
Offering tax breaks and other incentives isn't the
best economic development strategy. North Carolina and
individual regions have other selling points. But
evidence is building that we're no longer at the top of
our game, and that must be fixed.
N.C. Opinions is an occasional feature offering
editorial viewpoints from a variety of newspapers. The
views expressed are not necessarily those of The
Observer's editorial board.
Read more:
http://www.charlotteobserver.com/2010/03/08/1296773/nc-shows-signs-of-slipping-with.html#ixzz0iY0bnb4K
N.C. shows signs of slipping with businesses
Posted: Monday, Mar. 08, 2010
From an editorial published March 5 in the
(Greensboro) News and Record:
When ConAgra Foods
announced Wednesday it will shut its Slim Jim plant in Garner
and move production to Troy, Ohio, it followed a trend.
Ohio finished first
in Site Selection magazine's 2009 standings, also released
Wednesday. The placement was based on the number of new and
expanded corporate facilities.
North Carolina
ranked seventh, an enviable position but a dip from fifth in
2008, fourth in 2007 and third in 2006.
North Carolina also
slipped last year in the annual United Van Lines study. Looking
at more than 140,000 interstate household moves, United found
more families moving into North Carolina than moving out. But
the state's ranking as a destination was 10th-best, compared to
third just the year before.
The Charlotte
Observer reported similar findings Thursday for the state's
largest city:
"The influx of
newcomers to the Charlotte region, long a beacon of the area's
success, has slowed since the unemployment rate surged. An
analysis of the latest Census data shows notable drop-offs in
out-of-state transplants and 20-somethings."
The banking crisis
hit Charlotte particularly hard, but its growth rate for many
years before that provided a huge boost for the state's economy.
By some measures,
including an unemployment rate that's higher than the national
average, North Carolina isn't doing well.
Although still
attractive to new residents and businesses, the appeal doesn't
seem to be as strong as it was just a few years ago. Leaders
need to discover the reasons - whether tax rates, education,
infrastructure, regulatory costs - and make adjustments.
Ohio lured ConAgra
Foods with a promise of no property taxes for 15 years - a
concession worth about $3 million. North Carolina has been
competitive in bidding for businesses but lost out this time.
Offering tax breaks
and other incentives isn't the best economic development
strategy. North Carolina and individual regions have other
selling points. But evidence is building that we're no longer at
the top of our game, and that must be fixed.
N.C. Opinions is an occasional feature offering editorial
viewpoints from a variety of newspapers. The views expressed are
not necessarily those of The Observer's editorial board.
 |