BLOGS: Womble Carlyle Economic Development Digest

Friday, September 20, 2013, 1:49 PM

The Economic Development Digest - September 20, 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:

California
  • Boeing to shut C-17 plant in Long Beach, Los Angeles Times (September 18, 2013)
    The closure of the Long Beach facility will effect 3,000 workers companywide by 2015.  Many will lose their jobs.
Georgia
National
  • SEC charges former officer with Regulation FD violation, wcsr.com (September 13, 2013)
    Last week, the Securities and Exchange Commission charged the former vice president of investor relations for First Solar, Inc. (“First Solar”) with violating Regulation FD and Section 13(a) of the Securities Exchange Act of 1934, as amended, by selectively disclosing material nonpublic information. Significantly, the SEC, citing the “extraordinary cooperation” of First Solar, decided not to bring an enforcement action against the company. This action, the first Regulation FD enforcement action brought since November 2011, serves as a reminder to public companies and their executives of the SEC’s willingness to pursue what it views as Regulation FD violations and also highlights certain corrective actions that the SEC is likely to view favorably in the event of a Regulation FD violation.
North Carolina
  • State's economy, environment go hand-in-hand, The Pilot (September 13, 2013)
    Secretary of the North Carolina Department of the Environment and Natural Resources. John E. Skvarla, ties unemployment rate with environmental initiatives.
South Carolina
  • SC business notebook, September 13, The State (September 12, 2013)
    Daimler Vans is expanding its assembling plant in the Charleston region and adding 60 jobs as a result.
Texas
  • Good jobs first: Texas Governor's job piracy trips funded by local tax dollars, TaxAnalysts.com (September 18, 2013)**
    Good Jobs First conducted an examination of TexasOne, the nonprofit 501(c)(3) corporation that funds trips of Texas Gov. Rick Perry (R) to other states to encourage businesses to relocate to Texas, and found local economic development corporations, funded by local tax dollars, account for about one-fourth of TexasOne's 2012 revenues.
 
Washington D.C.

**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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Friday, September 13, 2013, 1:38 PM

The Economic Development Digest - September 13, 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:

California
  • California requires new online disclosures: specifics unclear, wcsr.com (September 9, 2013)
    California will require greater disclosure of privacy practices for all operators of commercial websites and apps.  But the specifics of the new disclosure requirements, which take effect January 1, remain murky.
  • Shibley gives update on UAS efforts, The Daily Independent (September 7, 2013)
    Eileen Shibley, head of the Inyokern-led California Unmanned Aircraft Systems Portal team, presented an update Wednesday to the Ridgecrest City Council on the progress of a federal agency to select six test sites for unmanned aircraft.
Florida
  • Aerospace coalition revs engines, Pensacola News Journal (September 8, 2013)
    The construction of Airbus’ $600 million facility in Mobile prompts Florida to create a five-county Aerospace Coalition to attract European-based aerospace suppliers to Northwest Florida.
 
National
  • Waste vs. value in American Health Care, The New York Times (September 13, 2013)
    Economics Professor Reinhardt from Princeton opines on economic efficiency, or not, in the health care industry.
North Carolina
South Carolina
 
Texas
Virginia
  • Governor appoints several energy company execs to new nuclear energy consortium, Virginia Business (September 11, 2013)
    Several energy executives are among Governor Bob McDonnell’s appointments to a new nuclear energy group in Virginia. The General Assembly passed bills to create the Virginia Nuclear Energy Consortium Authority (VNEC) during its 2013 session. The consortium’s mission is to serve as an interdisciplinary study, research and information resource for Virginia on nuclear energy issues.

**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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Friday, September 6, 2013, 1:00 PM

The Economic Development Digest - September 6, 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
  • Beretta eyes Georgia for gun plant, Atlanta Business Chronicle (August 30, 2013)
    Beretta is thought to be considering five sites in Georgia for a gun manufacturing plant that could employ 400 people.
Florida
National
  • INFLUENCE GAME: Train safety move delayed decades, The Associated Press (September 3, 2013)
    Technology (known as positive train control or “PTC”) is available for trains to help avoid catastrophic collisions, but the railroad industry and some allies are trying to push the deadline for installing such systems until 2020.
North Carolina
  • During session and beyond, McCrory has rough start, News & Observer (August 31, 2013)
    Some in North Carolina argue that nearly every major decision was initiated this year by the legislature, and not the Governor, while others disagree and point to the "bigger picture" which indicates that most of Governor McCrory's legislative agenda has been enacted into law.
  • EDC supports shell building, The Wilson Times (September 5, 2013)**
    The Wilson Economic Development Council is recommending that the Wilson County commissioners use its $1 million in previously collected license tag fees to lure new industry into the area.
South Carolina
Virginia
  • 'Amazon tax' takes effect September 1, Daily Press (August 30, 2013)
    Amazon shoppers in Virginia will begin paying sales tax on Amazon purchases. Some say that the collection of sales tax on Amazon.com purchases in Virginia will level the playing field between traditional retailers in Virginia and large internet retailers with a physical presence in Virginia.
West Virginia
  • Lost manufacturing jobs led to lower wages, Saturday Gazette Mail (August 31, 2013)
    As a result of the loss of manufacturing jobs in the state, West Virginia has fewer good paying jobs and the wages fall behind the national average. Walmart is now the state’s largest private employer.
  • 'Future Fund' pushed to diversify economy, The Charleston Gazette (September 3, 2013)
    State Senate President of West Virginia is leading an effort to create a “future fund” that would set aside tax dollars for improving education, infrastructure and economic development.
  • Forum focuses on W. VA. economy's future, The Associated Press (September 4, 2013)
    A forum in Charleston will focus on economic visions for West Virginia's future. The all-day event is set for the Clay Center on Wednesday. Among the subjects include economic diversification, a roadmap for sustainable development, and workforce training.

**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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