The Economic Development Partnership of North Carolina has received full approval from the General Assembly. Governor Pat McCrory signed the bill into law on Tuesday, June 24, at a special ceremony in the Old House Chambers of the State Capitol. The public-private partnership will start operations this month.
The Economic Development Partnership will operate as a private, non-profit corporation that will contract with the Department of Commerce to handle many of the state’s job recruitment and retention functions. The EDPNC will operate as the sales and marketing arm of the state responsible for business recruitment, existing industry and small business support, import and export assistance, marketing, tourism, film and sports development. All grant-making responsibilities will remain public within the Department of Commerce. The new partnership will allow North Carolina to work more quickly and be more flexible in recruiting new business and in retaining existing ones.
— Courtesy “Sync,” The Weekly Newsletter of the NC Department of Commerce