Paperwork filed for entity for NC commerce duties
RALEIGH (AP) — Gov. Pat McCrory’s administration has created a private nonprofit corporation that he wants to ultimately take over many of state government’s economic development duties.
The Commerce Department helped file paperwork for the Economic Development Partnership of North Carolina last week with the Secretary of State’s Office. Filings with the Internal Revenue Service also are needed.
The legislature gave the department authority to reorganize positions and spending to establish a public-private partnership with the corporation, subject to state budget office approval. Spokesman Josh Ellis said Monday department Secretary Sharon Decker is also interviewing potential corporation CEO candidates.
WRAL-TV first reported the corporation filing. McCrory has said the nonprofit will help the state be more responsive to companies that want to relocate or expand in the state.