Published 1 month ago

Due Diligence: NCInnovation board member calls for state auditor investigation

Summary by Ground News

NC Innovation was written into the biennial state budget last fall to the tune of $500 million in taxpayer funds. Questions were raised by board member Art Pope. Pope is the owner and chairman of Variety Wholesalers Inc., which owns and operates a chain of discount retail stores spanning 17 states.

0 Articles

All

Left

Center

Right

Carolina Journal

Due Diligence: NCInnovation board member calls for state auditor investigation

At a Feb. 14 board meeting, directors of NC Innovation (NCI), the private nonprofit written into the biennial state budget last fall to the tune of $500 million in taxpayer funds, labored over the interpretation of financial statements and statutory definitions. At issue was whether or not NCI is adhering to the law requiring the entity to use Generally Accepted Accounting Practices (GAAP), especially with respect to private donations and pledge…

1 month ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.