Source: iOne Creative Services / Radio One Digital
One of the reasons the North Carolina legislature has not ratified a new budget yet is a $1.43 billion proposal that would create a nonprofit organization to issue grants to “turn ideas and discoveries into companies.” Called NCInnovation, the funds would establish an endowment that kicks off $106 million annually to be used for grants. In exchange for receiving the funds, business start-ups would need to locate in the state for at least five years.
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