Friday, August 30, 2013, 12:06 PM

The Economic Development Digest - August 30, 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:

Georgia
Maryland
  • Huge warehouse envisioned for GM site, The Baltimore Sun (August 22, 2013)
    A 1 million square foot facility that would employ up to 2,600 people is planned in Baltimore as a distribution center.
National
  • Tax foundation releases midyear ranking of state and local sales tax rates, TaxAnalysts.com (August 28, 2013)**
    A Tax Foundation report released August 28 ranks states and cities based on sales tax rates; Tennessee, Arkansas, Louisiana, Washington, and Oklahoma topped the ranking with the highest state and local combined rates, while Alaska, Hawaii, Maine, Wisconsin, and Wyoming had the lowest combined rates among states that imposed sales tax.
  • A federal prod to lower college costs, The New York Times (August 22, 2013)
    President Obama unveiled a proposal last week which would potentially make college more affordable and potentially make higher education more accessible to families worried about rising tuition costs.
  • 4 ways an attack on Syria could hurt the U.S. economy, Triangle Business Journal (August 27, 2013)
    Military action against Syria could affect the economy by creating uncertainty overall, lowering stock prices, raising oil prices and even negatively impacting aerospace and defense exchange traded funds.
North Carolina
  • Leaders divided on funding, The Wilson Daily Times (August 24, 2013)
    Close to $1,000,000.00 in license tag fees in Wilson County is now available, and the General Assembly of North Carolina has directed that the money be used for economic development.
  • Triangle unemployment rate remains unchanged in July, News & Observer (August 28, 2013)
    For the first time in the past five months, the Triangle area of North Carolina’s unemployment rate remained unchanged.  The Triangle area is seeing expansions by its businesses, and there appears to be more positive economic developments overall.
South Carolina
  • County Council endorses new realignment for Bluffton Parkway, The Island Packet (August 27, 2013
    The Town of Bluffton, South Carolina and Beaufort County Council have agreed on the path that a major intersection should follow.  The project will cost approximately $25,000,000.00.  The intersection’s development is said to allow Bluffton to develop the town in the manner the Town of Bluffton wants it developed.
  • DUER High Performance Composites establishing new facility in Beaufort County, sccommerce.com (August 28, 2013)
    DUER High Performance Composites, a maker of composite components, has established its new production facility in Beaufort County. The more than $1 million investment is expected to generate 47 new jobs. “Today’s announcement is another sign that South Carolina is on the right track with its economic development efforts. We celebrate DUER High Performance Composites’ decision to invest more than $1 million and create 47 jobs in Beaufort,” said Gov. Nikki Haley.
Virginia

**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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