Monday, January 21, 2008

Cabarrus ED Official Responds to Charlotte Incentive Proposal

By Eric C. Deines
edeines@independenttribune.com
Sunday, January 20, 2008

CABARRUS - A proposal from Charlotte’s economic development team to end regional, incentivised competition for existing industry is nothing new for Cabarrus economic development officials.

John Cox, CEO of Cabarrus Economic Development, said he proposed the idea to Charlotte officials two years ago.

“We are very willing to discuss this issue,” Cox said.

Cox said the proposal was brought up at a Cabarrus Regional Partnership meeting last week, with officials specifically citing Cabarrus County.

“One thing that allows people to talk about it was the issue of Lowe’s Motor Speedway,” Cox said.

The economic development competition heated up in the Charlotte region in October 2007 after Speedway Motorsports CEO Bruton Smith said he was considering moving Lowe’s Motor Speedway out of Concord. More here.

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