North Carolina ED Partnership Rules To Tighten

We have been working in North Carolina. The state recenly tightened its rules for it regional economic development partnerships.

The new legislation requires the partnerships, designed to help recruit new businesses and industries to their areas, must follow all of the rules governing organizations that receive public money. Each group must have a conflict-of-interest policy in place. New board members must attend orientation sessions to learn about commission policies and rules.

The bill also requires that the state Commerce Department set uniform accounting, personnel and contracting procedures for all of the commissions. The commissions will pay for the cost of creating the rules.

Read more here.