State governments often argue that it's necessary to give subsidies to private companies to encourage economic development.

Biopharma company AbbVie plans to bring 730 jobs to Durham County as part of $1.4 billion manufacturing investment. State officials approved an incentives package worth up to $26 million. It's one of ...

This year we highlighted a major shift in our approach: moving from funding single, isolated projects to supporting entire economic ecosystems to create jobs across whole sectors. This new, holistic ...