Commerce shift to NC nonprofit OK'd by House panel - WNCT

Commerce shift to NC nonprofit OK'd by House panel

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RALEIGH, N.C. -

A bill that lays the groundwork for a private nonprofit corporation to take over many economic development duties of North Carolina's Commerce Department has cleared a hurdle at the legislature.
    
The House Commerce Committee voted Wednesday for the legislation sought by Gov. Pat McCrory.
    
His administration wants to shift department responsibilities for travel and tourism, international trade and economic recruitment to a yet-created corporation overseen by Cabinet secretaries and appointees of elected officials with business expertise.
    
Commerce Secretary Sharon Decker told the committee the change will make the state more nimble and focused on the needs of local communities to attract business and create jobs. The bill would abolish current regional economic development commissions in January.
    
The state would still make final decisions on awarding economic incentives.

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