RALEIGH, North Carolina — North Carolina lawmakers gave initial approval Thursday to similar but competing bills that would transfer many Commerce Department functions to a private nonprofit corporation, bringing closer to reality Gov. Pat McCrory's proposal for business recruiting and marketing.
The House and Senate backed proposals that lay out
terms of the state Commerce Department's contract with the nonprofit
Economic Development Partnership of North Carolina.
Lawmakers authorized McCrory's administration last year
to plan a privatization strategy. The corporation, which has been
formed and has named an executive director, would hire employees to take
over agency functions to attract and retain businesses in the state,
encourage international trade and promote the state's brand and tourism. More here.