Private Commerce Department arm incorporated
The Economic Development Partnership of North Carolina will "assist, promote, and enhance economic opportunities" according to its founding document.
Posted — Updated"It's still our intent by the first quarter of next year we will have the business development organization in place," Commerce Secretary Sharon Decker said during a conference call with reporters last week.
Progress on the nonprofit is proceeding despite the lack of a full-throated endorsement from the General Assembly.
That budget provision is much less detailed than the standalone bill and gives the department wide latitude in how to construct the new nonprofit. But in a prior interview, Decker has said she plans to follow the more detailed outline laid out in the bill that fell short of legislative approval.
Last week, she confirmed that she was actively interviewing potential chief executives for the partnership.
"We are doing a lot of the work to put this organization in place," Decker told reporters at the end of a conference call that had focused on the Commerce Departments efforts around rural development. "We're on track to make that happen."
Although the incorporation papers don't specify, the initial 15-member board would be appointed by the governor, speaker of the House and Senate president pro tem, according to Senate Bill 127.
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