Wednesday, June 25, 2014

GOP crowing over CNBC study touting NC for business

A week after S.C. Gov. Nikki Haley's jobs-recruitment victory lap through York and Chester counties just south of Charlotte, N.C. Republican leaders are pointing to a new CNBC study as evidence that the Tar Heel State isn't getting crushed by the Palmetto State or other economic development rivals on their watch. The study ranked North Carolina No. 5 (Georgia was No. 1, followed by perennial development powerhouse Texas). The study measured a range of factors; North Carolina ranked most strongly on the health of its economy and the quality of its workforce.

South Carolina ranked a distant 24th, earning its strongest ranking for its low cost of doing business. N.C. Republican Party Chairman Claude Pope issued a statement calling the study proof that the GOP's legislative agenda, which includes rolling back tax rates and revamping job recruitment, is working. "North Carolina is getting back to work," he said.

Gov. Pat McCrory and his GOP allies have rewritten
the state's job-recruitment playbook
Critics -- including some insiders in economic development circles -- grouse that the state has traditionally ranked high in such measures, the effects of the recent recession notwithstanding. The new lower corporate and individual tax rates took effect in January, and it was just on Tuesday that McCrory signed into law the reorganization of the Commerce Department's job-recuitment function.

Republicans, the critics say, "fixed" a job-recruitment system that wasn't broken. Democrats, powerless in Raleigh after decades of wielding legislative power, say the tax cuts have benefitted the wealthy while weakening funding for schools and universities, traditionally areas of competitive advantage for North Carolina relative to its Southern neighbors. With such high political stakes riding on job production numbers in an election year, we're sure to hear plenty more of this debate in the months ahead.


12 comments:

Anonymous said...

NC has one of the highest unemployment rates of all Southern states. SC’s rate is a full percentage point lower than NC. The GOP has nothing to gloat about in this state until we start performing to the level of our other peer states.

Anonymous said...

Then our recruiters must be lazy as heck or have horrible personalities, because their result surely are not indicative of the rankings. Never have been. CNBC seems to love NC but the businesses looking to relocate do not seem to share that high opinion.

Anonymous said...

As to the demo critics, funding seems to have no bearing on the effectiveness of our schools. Just look at Project L.I.F.T.

Anonymous said...

Charlotte is flat-out the best place to be in NC, and one of the best in the nation. Period. A business that "relocates" to Fort Mill or Rock Hill is, for all intents and purposes........remaining in/near or relocating to....Charlotte. Also, please recall where SC ranks on educating the children of all it's "employees."

Rboggs81 said...

And there it is near the end, "weakening funding" for schools. Really? I keep hearing the left spew this filth, look up the facts, spending on education is UP over the last few years.Just some pissed off people unhappy that NC went after tenure.

Cornelia said...

Great Schools rates Fort Mills schools a 9 out of 10; it rates Charlotte schools a 6 out of 10. I am an Independent, and have voted Democrat as much as I have voted Republican. I get soooooo sick of this politicizing of everything by the dems, though. They have FAILED North Carolina. Higher taxes than our neighboring states and less to show for it after all those years of solid Democratic rule. Either they were crooks or they were incompetent. Probably some of both. Time to give the other party a chance.

Anonymous said...

Can anyone think of a single thing that the GOP has done to improve the quality of the NC workforce?

Cornelia said...

I would love to see the resumes NC's local and regional recruiters used to get their jobs. I bet most read something like this..."w--family friends with local business leader, x--contributed thousands to local politician's reelection "campaign" fund, y--fraternity brother of Mr. Big, z--son of (you name him). "
Those resumes surely could not have listed past recruiting accomplishments.

RobNClt said...

Yes, I can think of something the GOP did to help with education. They cut the tax rate and more middle class people have a little more money to help their kids with college because of it. There's the one thing you asked for!

RobNClt said...

Democrats are really hurting, can't ever say anything is good when they are not in power. The fact that our debt has narrowed and the state is much more fiscally sound doesn't say anything to left wing big, out of control, spenders.

Let them sulk, cry, and hiss. Who cares they are out of office in North Carolina and I am one black man who is determined to keep them out for a very long time.

Bye bye to the left wing in N.C. OK, get back to crying lefties!

Anonymous said...

I love listening to ignorant politicians brag about how much money they gave a big business to move here. It's almost like they don't know they have been outsmarted.

RobNClt:

I guess you forgot that the GOP eliminated the tax deferral for tuition savings plans.

Anonymous said...

Wrong Rob. NC 529 plans still grow tax deferred and the withdrawals are tax free if used for education. What changed was participants cannot get a tax DEDUCTION for making a contribution.