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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