Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for "Economic development projects--Finance"
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North Carolina's cities and counties offer incentives to businesses to lure them to the area. This practice is viewed positively by some, negatively by others, but as an existing and necessary reality by all.
Arguing that public funds are used for private purposes, Winston-Salem attorney William Maready is challenging in court the offering by cities and counties of incentives to lure businesses to their areas.
The North Carolina Supreme Court ruled in 1996 in the case of Maready v. City of Winston-Salem that the use of public funds by cities and counties to attract businesses is not unconstitutional.