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North Carolinians for Jobs & Progress - Vote for Amendment One Page 2 of 2 <br /> <br />no local bond approved by the Commission has defaulted. In <br />addition, limits will be placed on local governments' use of this <br />tool and a total of only five percent of a government's <br />jurisdiction can be in development districts. <br /> <br />North Carolinians for .lobs and Progress Steering Committee <br />Chair Leslie Bevacqua Coman and other supporters joined <br />honorary Co-chairs and former Governors Jim Hunt and Jim <br />Holshouser for the announcement, <br /> <br />"I must emphasize that this is a tool that has proven successful <br />for both cities and small communities in more rural areas," said <br />former Gov. Jim Hunt. "For cities, this is an excellent tool to <br />revitalize urban areas that need a boost - including affordable <br />housing and close-to-home job opportunities. For smaller <br />counties with fewer financial resources, this gives them a quick <br />way to respond to a business that might want to move into <br />those communities." <br /> <br />"North Carolinians don't consider changes to their Constitution <br />frivolously," said former Gov. Jim Holshouser. "But in this time <br />of economic transformation in our state, having this tool <br />available is imperative." <br /> <br />Groups that have endorsed Amendment One include North <br />Carolina Citizens for Business and Industry (NCCBI), North <br />Carolina Economic Developers Association (NCEDA), <br />Electricities, the North Carolina Association of County <br />Commissioners, North Carolina League of Municipalities, North <br />Carolina Metropolitan Coalition and the North Carolina Rural <br />Center. <br /> <br />For more information on Amendment One, go to <br />www.amendmentone.org. <br /> <br />back <br /> <br />Overview II Examples II Neighbors II Q&A II Endorsements II Newsroom II How <br /> to Help <br /> <br />http://www.amendmentone.org/20040503.html <br /> <br />7/31/2004 <br /> <br /> <br />