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"Lawmakers must address incentives, tax issue"

Letter to the Editor

Triangle Business Journal

August 6, 2015

Attorney Ernie Pearson recently penned a letter to the editor of The Triangle Business Journal. Pearson is President of the North Carolina Economic Developers Association (NCEDA).

An excerpt:

Triangle Business Journal’s recent article – North Carolina’s Eco-Devo Scorecard (July 17, 2015), while highlighting wins and losses really reinforces the need for a competitive North Carolina.

Now is the time for North Carolina to be aggressive in supporting programs that keep our state competitive and send a message that N.C. is open for business. The wins and losses absolutely reinforces this need.

In today’s global community, business retention and recruitment require the options of both incentives and competitive corporate tax rates to attract new businesses and retain current industries. Nearly every state and major country uses these tools – adapting them to remain competitive. N.C. must continue to do the same.

 from the Triangle Business Journal. (subscription required)

Ernest C. Pearson  served as Assistant Secretary for Economic Development during one of North Carolina’s most successful periods of growth. He has worked for more than one hundred companies in site selection and incentive negotiation projects.