Friday, June 21, 2013, 1:44 PM

The Economic Development Digest - June 21, 2013


In this week's Economic Development Digest:

South Carolina
  • Legislative committee agrees on roads 'concept', The Greenville News (June 15, 2013)
    A group of lawmakers have agreed on a concept which mixes borrowed money, one-time funds and revenue from the sales tax on cars to repair the state's infrastructure.
  • Court of Appeals rules in favor of S.C. Chamber, scchamber.net (June 14, 2013)
    The U.S. Court of Appeals for the Fourth Circuit issued a decision in favor of the South Carolina Chamber of Commerce regarding the National Labor Relations Board (NLRB).
North Carolina
  • McCrory says budget deal by July 1 uncertain, The News & Observer (June 17, 2013)
    Governor McCrory said he is unsure if he and other Republican leaders can agree on a final North Carolina budget before the new fiscal year starts in two weeks.
  • McCrory initiatives designed to boost employment move forward, The News & Observer (June 19, 2013)
    A state House Commerce Committee approved the administration's plan to privatize the state's job recruitment functions.  Modeled after a similar initiative in Indiana, the nonprofit corporation is designed "to move at the speed of business," the Commerce Secretary said.
Virginia
  • The Falls project gets a little help, Bristol Herald Courier (June 12, 2013)
    The Falls commercial project appears ready to progress, largely attributable to a $5.5 million funding guarantee from the Virginia Tobacco Commission.
New York
Florida
  • Florida strikes deal with Amazon, TaxAnalysts.com (June 13, 2013)**
    Florida Gov. Rick Scott (R) announced that Amazon.com has agreed to invest more than $300 million to establish warehouse facilities in Florida, which will create some 3,000 jobs; Amazon must begin collecting the 6 percent Florida sales tax from Florida customers once the facilities are complete, as required by state law.
  • Florida DOR explains exemption for industrial machinery, equipment, TaxAnalysts.com (June 10, 2013)**
    The Florida Department of Revenue has explained the state's sales and use tax exemption, effective April 30, 2014, for purchases of industrial machinery and equipment used at a fixed location in the state by an eligible manufacturing business that will manufacture, process, compound, or produce for sale items of tangible personal property.
  • Detert has spot on Paris journey, Herald-Tribune (June 17, 2013)
    Florida participates in 50th International Paris Air Show this week in efforts to convince aerospace companies to invest in Florida.  This is an effort by Florida to fill the void left by NASA discontinuing the shuttle program.
International
  • BIRD makes matches for Israeli tech and US business, The Times of Israel (June 20, 2013)
    The Binational Industrial Research and Development Foundation "BIRD" looks for companies for which to provide monetary investments.  BIRD searches for promising Israeli technologies, exposes them to potential U.S. partners and then supplies assistance to get the project going (up to one third of the total project costs).

**Note: a paid subscription is required to access this article. A brief description has been provided. Please contact Womble Carlyle’s Economic Development Team for more information on these developments.

 

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