Friday, November 22, 2013, 1:54 PM

The Economic Development Digest - November 22, 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
Florida
  • Palm Beach County Commissioner Priscilla Taylor named new mayor, The Palm Beach Post (November 19, 2013)
    Legislative priorities: Palm Beach County, Florida, approved the legislative priorities for the 2014 session. They include supporting economic development projects for the Glades, requesting more than $124 million for environmental projects, and opposing gambling legislation that puts the Palm Beach Kennel Club at a competitive disadvantage.
Georgia
  • Georgia policy group warns tax shifts would reduce education funding, TaxAnalysts.com (November 1, 2013)**
    The Georgia Budget and Policy Institute has issued a fact sheet to show how proposals to offset income tax cuts with higher sales taxes would probably lead to budget cuts, which would ultimately harm funding for public school and college education.
Maryland
North Carolina
  • Metros dominate NC economy, New & Observer (November 20, 2013)
    North Carolina’s economy appears to be concentrated in its metropolitan cities and counties with its seven largest metro areas generating nearly 70 percent of North Carolina’s economy.
South Carolina
Tennessee
  • Audit of Tennessee DOR finds problems with jobs tax credit audits, state contract procedures, TaxAnalysts.com (October 29, 2013)**
    The Tennessee Division of State Audit has completed an audit of the Department of Revenue, and reports that the DOR did not adequately document whether companies receiving Jobs Tax Credits complied with state law and did not implement procedures to ensure that Tennessee contracts only with entities registered under the Retailer's Sales Tax Act.
Texas
  • Texas policy group compares impact of tax, regulatory structures in Texas and California, TaxAnalysts.com (November 1, 2013)**
    The Texas Public Policy Foundation has compared how tax structure and government policy have affected economic growth in Texas and California, and argues that Texas's low-tax, business-friendly climate has led to increased economic output, while California suffers from tax flight problems and "parasitic leakages" due to its high tax rates and burdensome regulations.
 
Virginia
 
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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