NC Good For Business

Submitted by gregflynn on Fri, 03/16/2007 - 4:12pm

There's just too much good news about North Carolina's business climate coming out in the Triangle Business Journal. Apparently we're very competitive when it comes to attracting business. Don't tell the John Locke Foundation until Monday - let them enjoy the weekend.

Study: N.C. biz tax burden tied for lowest in U.S.

Businesses in North Carolina enjoy the lowest tax burden in the United States, according to a study prepared for the Council on State Taxation.

The report, prepared by tax experts at Ernst & Young, found that combined local and state taxes paid by North Carolina businesses amount to 3.9 percent of the gross state product. That rate tied North Carolina with four other states - Connecticut, Delaware, Oregon and Virginia - as having the lowest U.S. business tax burden.

Study ranks N.C. fourth most business-friendly state in U.S.

North Carolina is the fourth most business-friendly state in the country, according to a new study.

Virginia took the top spot in the study, done by Pollina Corporate Real Estate Inc., a site-relocation company. The results were based on 28 measurements including taxes, human resources, right-to-work legislation, energy costs and jobs lost or gained.

N.C. ranks high for business-friendly micros

Site Selection cited North Carolina's clusters of biotechnology, banking and tourism, along with what one consultant termed an "outstanding quality of life."

We don't need to lower the tax rates for corporations and people with higher incomes. We're already competitive! Now if we just continue that success to make the state better for everybody with workforce education, better high school graduation rates, health coverage, mental health parity, affordable housing, a living wage, a broader tax base we might just get this economic engine off the ground and soaring without limit.

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and yet

Submitted by Blue South on Fri, 03/16/2007 - 4:53pm.

it still isnt good enough. The N & O's business section included an article talking about Easley's plans to place more of an emphasis on attracting businesses to rural areas.

Draft Brad Miller -- NC Sen ActBlue :::Petition

Futile attraction

Submitted by gregflynn on Fri, 03/16/2007 - 7:20pm.

I'm all for attracting business to rural areas but massive and arbitrary tax credits are not a way to go. They shrink the tax base even smaller than it is now. I say broaden the tax base and take a little from everyone.

Whether it's Michael Walden on one side or Jim Fain on the other, "economic benefit" studies always seem to be flipping the same dollar over and over to be counted multiple times into an inflated number.

NC is already attractive. Figure out a way to distribute the action to needy counties without selling the store.

I agree

Submitted by Blue South on Fri, 03/16/2007 - 7:54pm.

wholeheartedly.

Draft Brad Miller -- NC Sen ActBlue :::Petition

Don't forget that NC is an Employer's State

Submitted by momoaizo on Fri, 03/16/2007 - 5:06pm.

Which means that there is no such thing in this state as "if you do it for one employee, you must do it for all". So you could work for your employer for years at a set "hourly" rate, no vacation or sick time. He can hire employee after employee as "salaried" which gives them paid sick days and vacation time, and the hourly employee has no recourse!

No matter that patriotism is too often the refuge of scoundrels. Dissent, rebellion, and all-around hell-raising remain the true duty of patriots.

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