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N.C. lawmakers clash over future of $500M NCInnovation endowment

Summary by The News & Observer
Republican legislators are pushing to reclaim the $500 million state endowment allocated to the nonprofit NCInnovation. Despite recent $13.6 million in grants to 17 projects, both House and Senate budgets call for defunding. CEO Bennet Waters argues the program is already showing returns and attracting national interest, while lawmakers question its long-term value and impact.

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The News & ObserverThe News & Observer
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N.C. lawmakers clash over future of $500M NCInnovation endowment

Republican legislators are pushing to reclaim the $500 million state endowment allocated to the nonprofit NCInnovation. Despite recent $13.6 million in grants to 17 projects, both House and Senate budgets call for defunding. CEO Bennet Waters argues the program is already showing returns and attracting national interest, while lawmakers question its long-term value and impact.

·United States
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The News & Observer broke the news in United States on Tuesday, August 5, 2025.
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