In the state’s latest money-laundering scheme to reward major political donors economic development deal, word has it that NC may be outbid by our southern neighbors.
Four state lawmakers from southeastern North Carolina say they think the company behind Project Soccer is going to build its new plant in South Carolina.
State Sen. Bill Rabon, R-Brunswick, who has been involved in negotiations for months, said the company – thought to be tire manufacturer Continental Tire – was expected to make an announcement today or Thursday in South Carolina.
For months, North Carolina has been competing with its neighbor to the south to land the company, which has eyed the Mid-Atlantic Industrial Park in Brunswick County as a possible site. Both states have offered some sort of economic incentives to the company, but details of the offers weren’t immediately available.
Translation: their central planners offered a bigger bribe than our central planners.
[…] value of government intervention into free markets. With an eye on the then-developing “Project Soccer” deal to provide massive financial incentives to lure a new manufacturing plant to Brunswick […]