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if (we as) Republicans believe that businesses generate a lot more than the incentives they receive, then make special tax zones with highly-reduced taxes in the rural areas to make the financial concession. If they want to obviously acknowledge the rural areas need help then they need to get at the root - the talent pool. Otherwise, why wouldn't significant investment be made by companies up and down 95 and down 40 towards Wilmington? The infrastructure is there. Why aren't 64 and 264 between Raleigh and 95 already booming?
But in any sizeable state, there are vast swaths of rural areas that never get developed.
The state is still controlled by the backwater areas do in part to gerrymandering, however the demographic changes are being controlled by the economic engines, which are slowly turning the tide. They are threatened and will try to hold onto power by any means possible, which in this case is slowly the demographic changes in the state.
Companies will gladly move operations to The Triangle. They won't move to Fayetteville or whichever other area the out of touch drafters of this bill had in mind.
if (we as) Republicans believe that businesses generate a lot more than the incentives they receive, then make special tax zones with highly-reduced taxes in the rural areas to make the financial concession. If they want to obviously acknowledge the rural areas need help then they need to get at the root - the talent pool. Otherwise, why wouldn't significant investment be made by companies up and down 95 and down 40 towards Wilmington? The infrastructure is there. Why aren't 64 and 264 between Raleigh and 95 already booming?
But in any sizeable state, there are vast swaths of rural areas that never get developed.
You're totally right. Moving to the larger city to find a good job is a story as old as time. Really the period of time where you could find anything approaching a decent living in the middle of nowhere is a departure from the rest of modern history and I think people tend to even romanticize and misremember that.
And I'd definitely be willing for there to be a debate on the merit of the JDIG program and these tax deals, at all as I know of one case where it was a sham and a company already moving here came back and got millions from this pool of money, plus its just generally ripe for abuse. However, as long as other states do similar things, we need to stay competitive with them, so it's hard to do unilaterally. And much of the tax breaks are not like income tax, which is essentially a cost they pass on to people buying their product, but come right out of local property tax rolls, which finance municipal services and schools.
I also don't think they really thought this through. It may slow growth to the triangle, but I don't think it's going to do much for other areas. I suppose it's conceivable Charlotte or Greensboro might garner a few additions that are on the fence about where in NC, but I don't anticipate Google deciding to open up a major office in Boone any time soon...
Actually, the headline is misleading. This bill doesn't only apply to the Triangle, it applies to the 20 "wealthiest" counties in the state, with particularly restrictions on Wake, Durham, Chatham and Mecklenburg Counties.
if (we as) Republicans believe that businesses generate a lot more than the incentives they receive, then make special tax zones with highly-reduced taxes in the rural areas to make the financial concession. If they want to obviously acknowledge the rural areas need help then they need to get at the root - the talent pool. Otherwise, why wouldn't significant investment be made by companies up and down 95 and down 40 towards Wilmington? The infrastructure is there. Why aren't 64 and 264 between Raleigh and 95 already booming?
But in any sizeable state, there are vast swaths of rural areas that never get developed.
Nailed it. Companies ultimately go to the talent pools (see San Francisco regardless of the fact that the corporate taxes and real estate is that amongst the highest in the world).
If it would slow down the insane level of development in the Triangle I'm all for it. Lets share the wealth and the traffic.
Yes. We do not need more of these overpaid people screwing up our infrastructure when companies are bribed to relocate to an area that will be negatively affected.
No new roads should be built to encourage long commutes and proper impact fees need to be collected to build schools. etc.
These new people are a detriment to our area and should be discouraged from migrating here.
Nailed it. Companies ultimately go to the talent pools (see San Francisco regardless of the fact that the corporate taxes and real estate is that amongst the highest in the world).
San Francisco has rail transit (BART). NC is too stupid to understand the needs of increased population and plan for them.
There are counties in this state that lack hotels, libraries, museums and other attractions nearby that most millennials would consider as must haves in order to want to work there, not to mention plentiful transit and high-speed Internet options. The legislators from these areas must be deluding themselves if they think this will produce an economic bonanza for them. They're applying a 20th century approach to a 21st century world, and it's not going to work until these counties, mostly rural, rethink how they market themselves to outsiders even within the state to make them more attractive. I don't care how cheap it is to live in an area or how many roads it may have going through it, if it has poor schools, little healthcare, lots of unhealthy eating options, and a general approach of "things are fine here, why change," it's not going to get many new businesses or residents there, as is being shown in the yearly census updates.
Actually, the headline is misleading. This bill doesn't only apply to the Triangle, it applies to the 20 "wealthiest" counties in the state, with particularly restrictions on Wake, Durham, Chatham and Mecklenburg Counties.
One of these things is not like the other. Adding Chatham to the list is laughably dumb unless the sole intent is an attempt to hamstring corporate development in the future Chatham Park.
I see this bill getting squashed along the way.
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