Fighting to be poor
Friday, July 28th, 2006
By Chris Fitzsimon
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It’s a world gone mad.
First, doughnut-shop stocks dropped because of the low-carb craze.
Now, there is pushing, shoving, elbowing, weeping and gnashing of teeth in North Carolina as counties fight to be “poor.”
Curious, isn’t it?
Generally, counties want to be, well, *not* poor.
They fight to improve themselves, to tout what they have to offer, to rub elbows with the cream of the crop.
Not so with the new economic-tier bill that passed in the General Assembly this week.
That bill, which alters the William S. Lee Quality Jobs and Business Expansion Act, has been a Statue of Liberty of sorts for many N.C. counties, and it seems they all fought to get on the right side of it.
Everybody wants to be the lowest of the low.
If the governor approves the bill — it was on his desk Thursday — the legislation will change tax credits offered under the current Lee Act to more “narrowly focused” economic incentives for businesses looking for places to take root or expand.
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