North Carolina Development Kitty Running on Fumes

Just as the economy is picking up, the governor has no money left in his walking-around fund to attract businesses to North Carolina. What's more, the state's most popular economic incentive program is on track to run out of money this year, raising concerns about North Carolina's ability to recover from a three-year downturn faster than other states.

During the past three months, the Department of Commerce has announced 32 economic development projects for a total of 4,514 jobs and $378.4 million in new investment, 45 percent more than in the same period last year.

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