As usual, Carolina Journal only reports part of a story:
The Carolina Journal report expands on the Politico story, noting that the JDC originally projected spending $438,627 but was later revised downward by more than $100,000 and emphasizing the company "kept all of the savings, sending none back to taxpayers who had funded the stimulus grant."
However, an internal accounting of the project provided to WRAL News by JDC Manufacturing shows that that the project's final costs totaled $503,477. A company spokeswoman said the official project cost was revised downward to show the money actually spent by Dec. 31, 2010, the end of the grant's term. The rest of the money was spent in 2011, and those costs were not eligible to be reimbursed. Other records disclosed by the Energy Division show the total cost of the JDC project inching up to roughly $509,000 over two years, confirming the accounting provided by the company.
And it's a good bet the "researchers" at Art Pope's propaganda-laced "newspaper" were well aware of the total cost of the project, but chose to exclude that information from their report, because it would have completely negated their "pocketed $100,000 of taxpayer's money" smoking gun revelation.