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Improving Regional Economic Development through Structural Changes and Performance Measurement Incentives
(May 2008)
The regional partnerships and commissions focus their economic development efforts on local needs; this approach is vital for North Carolina, especially in rural areas of the state. To achieve a more unified approach to economic development, there needs to be increased consistency among regions by requiring non-profit, tax-exempt status, regional representation on the Economic Development Board, and required performance measurement and reporting. Recurring funding is recommended for the regions so they can leverage investment from other sources, with 15% of the existing state appropriation directed to performance-based funding. Receipt of this incentive will be conditional on certification of willingness to participate in the performance measurement system developed by the Economic Development Board. Future regional shares of performance funding would be conditional on complete and accurate annual reporting.
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Executive Summary
Final Report
Presentation |
