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Keyword: nceconomics

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  • Who gets hurt by incentives? [Walmart developer sues over $2 million incentive to Target.]

    02/14/2005 9:23:06 AM PST · by TaxRelief · 12 replies · 906+ views
    Carolina Journal Exclusive ^ | 2-14-04 | John Hood
    RALEIGH --It was only a matter of time. Two owners of a Wal-Mart in Wilson have filed suit in federal court to challenge $2 million in local-government incentives for a planned Target store in the county. "This is a very peculiar thing to have the government decide it wants a particular brand of store, and it's willing to pay it $2 million to come to town," said the plaintiffs' attorney. North Carolina's escalating use of tax subsidies to "close deals" with potential private employers was destined to provoke the state's existing businesses. While there are many different arguments, both legal...