June 4 -- In the 1980s, North Carolina’s business community seized an early-mover advantage and went on to create the second-largest banking center in the country. Supported by a business-friendly climate, this growth enabled North Carolina to compete on a global stage.
Today, another industry is emerging in which North Carolina has an early-mover advantage. That industry is solar power. However, our legislature is debating changing North Carolina’s renewable energy policies mid-stream and removing the renewable energy tax credit abruptly instead of phasing it down from 35 percent of cost to lower amounts over time. Such action would be premature and bad for business. States that encourage development of growth industries gain major advantages in our competitive global economy. >>View Article