California
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- Entering
a new zone, The
Desert Sun
(July 14, 2013)
Governor Brown signed
legislation ending enterprise zones in California and replacing them
with a new program to promote economic development through incentives.
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Florida
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Georgia
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- Georgia
DOR proposes to amend rule on investment tax credit for manufacturing,
telecom, TaxAnalysts.com (August 15, 2013)**
The Georgia
Department of Revenue has proposed to amend an investment tax credit
rule to update definitions and include establishments engaged in
Internet services and specialized telecommunication services, such as
satellite tracking, communications telemetry, and radar station
operation, within the meaning of telecommunications.
- State
conveyance pieces finalized, The Union-Recorder (August 6, 2013)
Georgia’s State Properties Commission
works to streamline the legislative process to facilitate state property
conveyances.
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North Carolina
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- North
Carolinians fear the end of a middle way, The
New York Times (August
13, 2013)
In North
Carolina, Republicans are controlling all branches of government for the
first time in more than a century, and the legislature just pushed
through a wide range of conservative change. The New York Times
reports that Governor McCrory says he has met most of his major economic
goals.
- Hudson
sees potential for county growth, The Enquirer-Journal (August 9, 2013)
Representative Hudson of
North Carolina receives a presentation given by Executive Director of
Economic Development and Aviation about the Charlotte-Monroe Executive Airport
and the county’s economic development efforts. Future plans for the
airport include widening the taxiway and expanding the corporate area.
- N.C.
Biotech Center squeezes final juices from fiscal 2013, Triangle Business Journal (August
21, 2013)
The North Carolina
Biotechnology Center handed out $3.58 million in loans and grants in the
quarter ending June 30. For the full fiscal year, North Carolina Biotech
provided 151 awards totaling more than $10.7 million.
- Durham
OKs incentives to convert hospital to hotel, Triangle Business Journal (August 21, 2013)
The Durham, North Carolina
City Council pledged $1.3 million in incentives this week for the
conversion of a hospital to a 143 room hotel. Durham County has also
pledged $400,000 to the project.
- Tata
grapples with funding North Carolina's freeways of the future, Triangle Business Journal (August 20, 2013)
North Carolina will boost
annual transportation spending by $1 billion for regular wear and tear.
Major new improvements would require an increase of $2 billion. Funding
from private investment and also high occupancy toll lanes are also
under consideration as funding sources.
- BBVA
Compass targets Raleigh for expansion, Triangle Business Journal (August 20, 2013)
BBVA Compass is the U.S.
banking subsidiary of BBVA, an international lender with large
operations in Spain, Mexico, South America, etc. It plans to hire
commercial bankers and open offices in Raleigh and Charlotte.
- N.C.
solar development seeing a summer spike, Triangle Business Journal (August 20, 2013)
North Carolina’s solar
development is on the rise as Strata Solar and SunEnergy1 lead the way,
and SunEnergy1 is proposing $311 million worth of new solar construction
this year alone.
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National
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South Carolina
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- South
Carolina explains how engineering consulting firm should apportion gross
receipts, TaxAnalysts.com (August 7, 2013)**
The South Carolina Department
of Revenue explained that an engineering consulting services firm that
hires independent contractors in South Carolina should apportion its
income based on where services are performed and should consider
services performed by the independent contractors when calculating its
South Carolina gross receipts.
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Virginia
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- Virginia
must be strategic in protecting state's most valuable asset, our ports,
Daily Press (August 3, 2013)
The Virginia Port Authority
and Virginia Governor Bob McDonnell tout the Virginia port facilities as
instrumental to economic growth and stability. The Virginia Port
Authority just enjoyed an upgrade in its bond rating by Moody’s
Investors Service, and a bill passed this spring giving the Virginia
Port Authority a way to possibly match competitive offers from port
facilities in other states.
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