Friday, July 12, 2013, 12:02 PM

The Economic Development Digest - July 12, 2013


Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the Southeast and Mid-Atlantic U.S.

In this week's Economic Development Digest:

South Carolina
North Carolina
  • Refund cap could mean job cuts for Baptist, Winston-Salem Journal (July 9, 2013)
    North Carolina moves toward a tax reform plan that would establish a cap on annual local and state tax refunds received by nonprofits.
  • Bill moving to end AdvantageWest funding, The Asheville Citizen-Times (June 20, 2013)
    Bill that would allow a private nonprofit to take over many economic development duties in North Carolina moves forward in the legislature.
Texas
Florida
  • Enterprise zone property tax credit to be applied against Florida corporate income tax 2013 legislative changes, TaxAnalysts.com (June 20, 2013)**
    The Florida Department of Revenue has clarified that the enterprise zone property tax credit against corporate income tax for new or expanding business may be claimed for each location that is eligible to claim it, rather than restricting a business to claiming no more than $25,000 or $50,000, if at least 20 percent of the business's full-time employees reside in an enterprise zone, on a single state corporate income tax return.
California
Womble Carlyle Sandridge & Rice, LLP
  • Employers beware: Unpaid internships may be costly, wcsr.com (July 2013)
    Unpaid internships might be an opportunity for a company to provide training for prospective employees, or it might expose the company to liability for unpaid wages and overtime.

**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.

Womble Carlyle's Economic Development Team helps clients explore opportunities for locating or expanding operations in the Southeast and Mid-Atlantic U.S. Our Economic Development Team combines a thorough working knowledge of economic development incentives; land use and siting procedures; and regulatory matters at the state, county and local levels, drawing on strong relationships built over many years with key governmental and civic leaders. For more information visit www.wcsr.com/economicdevelopment.

If you have any questions about this Economic Development Digest, please e-mail EconDigest@wcsr.com or contact any member of Womble Carlyle's Economic Development Team.

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