McCrory wants nonprofit to lead econ development

Apr. 08, 2013 @ 04:22 PM

Gov. Pat McCrory says the proposed creation of a nonprofit corporation to handle economic recruitment and retention efforts in North Carolina will help the state attract new businesses and create jobs.

McCrory and Commerce Secretary Sharon Decker announced the idea Monday at a Burlington textile plant. The proposed North Carolina Economic Development Corp. would receive state funds and take over many Commerce Department responsibilities, including travel and tourism, awarding incentives and small business development.

McCrory says other states have used the nonprofit model as a way to respond more quickly to companies seeking to grow.

A soda bottling executive will spend the next 60 days developing a plan that would have to be approved by the General Assembly.