Issue Position: Incentives

Issue Position

Incentives

Michael Lee knows that we have all heard about the use of taxpayer money over the years in monetary incentives granted to large corporations to locate in North Carolina. Incentives are like fire -- when used correctly, they can have great benefits to us all -- but when abused or used incorrectly, we get burned. The taxpayers have been burned over the years by the incorrect use and abuse of incentives. If used properly, incentives can be a powerful tool to attract good paying jobs. If we eliminate incentives, we will be at a dramatic disadvantage when trying to compete with neighboring states. Therefore, we need incentives, but we must use them wisely. They must include objective measures and "clawback provisions," and the goal should be job creation. Michael knows we must create a better business environment for small and large businesses alike -- but that does not mean we eliminate incentives -- we just need to be smarter in how we use them.

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