NC commerce agency reorganization signed into law
North Carolina Gov. Pat McCrory has signed a bill that shifts business recruiting and marketing functions from the state-run Commerce Department to a private nonprofit corporation.
McCrory says the law will create jobs by helping the state react more quickly to business prospects.
Commerce Secretary Sharon Decker sat beside McCrory as he signed the bill Tuesday laying out the contract requirements for the new Economic Development Partnership of North Carolina.
Decker says the measure is a good one to get the partnership off the ground. Any agreement would transfer Commerce Department functions such as business recruitment and development, international trade and travel and tourism to the partnership.
McCrory has sought the transfer to the nonprofit for over a year. The legislature told him last summer to develop a partnership strategy.