Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Industrial development--North Carolina--Bonds
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Many state and local governments make enormous efforts to attract industry to their areas. One important tool for this has been the use of industrial development bonds; not long ago, North Carolina's chief mechanism for industrial recruitment were IDBs. Recent changes in federal tax laws have affected the availability of industrial development bonds but North Carolina continues to be in a good position to utilize IBDs for economic and community development.
The November electorate will contain a question asking voters to decide whether a new section should be added to Article V of the North Carolina Constitution authorizing local government entities to issue revenue bonds for the assistance of new and existing industry. This article examines the proposed bond and its implications.