Here’s some pretty big news:

RALEIGH, N.C. — The public financial incentives given to computer manufacturer Dell Inc. to build a plant in Winston-Salem are legal, the state Court of Appeals ruled Tuesday, rejecting the arguments of a Republican candidate for governor who sued on behalf of taxpayers.

Former state Supreme Court Justice Robert Orr argued the state and local incentives, which could exceed $300 million, are unconstitutional because they primarily benefit Dell, rather than a general public purpose.

The three-judge panel disagreed, finding that the incentives "promote the general economic welfare of the communities involved" and are therefore constitutional under a 1996 decision of the state Supreme Court.

By GARY D. ROBERTSON
Associated Press Writer

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This entry was posted on Tuesday, October 16th, 2007 at 3:20 pm and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.