The Economic Development Digest - December 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:

National

22 states trying to woo Boeing with tax incentives, TaxAnalysts.com (December 16, 2013)** The desire of various states to land some 8,500 highly skilled and highly paid jobs as part of a facility to build Boeing's new 777X jetliner and pay dearly for the privilege is greater than initially reported, the company confirmed to Tax Analysts.

South Carolina

Site consultants, IT experts give South Carolina high ranks, scedablog.com (December 16, 2013) "South Carolina was recently recognized as a top state for conducting business, and when it comes to doing business with the government, the state website received kudos as well.Area Development magazine ranked South Carolina No. 2 in its Top States for Do" South Carolina issues per capita income figures for calculating tax incentives, TaxAnalysts.com (December 18, 2013)** The South Carolina Department of Revenue has issued an information letter containing the per capita income figures for the state and its counties, and explained tax credits and incentives that are calculated using per capita income. South Carolina, Wisconsin look to eliminate income tax, TanAnalysts.com (December 20, 2013)** South Carolina and Wisconsin are looking to join the ranks of seven other states that don't collect individual income taxes. South Carolina ranks counties for job tax credit purposes, TanAnalysts.com (December 20, 2013)** The South Carolina Department of Revenue has provided the county rankings for 2014 for job tax credit purposes; rankings are based on per capita income and unemployment rates.

Womble Carlyle Sandridge & Rice, LLP

Release of new payment card data security standards, wcsr.com (December 16, 2013) Effective January 1, 2014, companies involved in payment card processing must meet new data securitiy requirements.

**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.