Friday, February 7, 2014, 1:38 PM

The Womble Carlyle Economic Development Digest - February 7, 2014

Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.

In this week's Economic Development Digest:

  • Report Evaluates Florida's economic development programs, (January 1, 2014)**
    A report by the Florida Office of Program Policy Analysis and Government Accountability and the Office of Economic and Demographic Research evaluates the state's economic development programs and recommends ways to improve the claims review process and program monitoring.
  • Grassroots efforts seek to reverse brain damage drain in South Florida, Miami Herald (January 31, 2014)
    The Miami area tries to emerge as a technology hub. More companies are starting up or growing their presence in South Florida -- Facebook for instance has been growing its Latin American and U.S. Hispanic offices here -- and that means a greater need for talent.
  • ISS Quickscore 2.0 -- Review validation data before February 7th, (January 2014)
    Proxy advisory firm Institutional Shareholder Services, Inc. will roll out a new updated and enhanced version of its governance rating system, known as QuickScore 2.0, beginning in February 2014. QuickScore 2.0 will include new governance factors, updated weightings and event-driven data updates. In connection with QuickScore 2.0’s roll out, ISS has opened a free data verification site to all covered corporate issuers to correct factual errors in company data used in ISS’ ratings. In order to update data prior to QuickScore 2.0’s launch, companies must provide feedback through the verification portal by 8:00 pm EST on February 7th. Once updated, the new ratings will be available on Yahoo! Finance and Bloomberg beginning in early March 2014. In addition, ISS and fellow proxy advisory firm Glass Lewis have also recently updated their corporate governance policies for the 2014 proxy season.
  • Good jobs first ranks states' disclosure of economic development subsidy awards, (January 29, 2014)**
    Good Jobs First has released a report evaluating and ranking state governments based on their online disclosure of economic development subsidy awards and outcomes, finding that while transparency is steadily increasing, the quality of disclosures is very inconsistent and key performance measures, such as jobs and wages created, are often missing. According to the report, Illinois, Michigan, North Carolina, Wisconsin, Vermont, Maryland, and Texas were the best at disclosing information about their major subsidy programs.
North Carolina
South Carolina
  • Take S.C.'s only road to prosperity, The Post and Courier (February 2, 2014)
    Modernizing and expanding highway capacities is a never-ending public policy mandate for any progressive state.
  • South Carolina DOR reissues guidance on local sales and use taxes, (January 31, 2014)**
    The South Carolina Department of Revenue has reissued an information letter containing guidance for various types of local sales and use taxes collected by the department and applicable tax exemptions by county; the letter reflects local taxes in effect May 1.
  • Progress hangs in balance, (February 2, 2014)
    A “Catch-22” situation has developed with economic development departments learning that the Army Corps of Engineers would no longer issue permits to develop industrial parks unless an “end-user” had already committed to the project.

**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

If you have any questions about this Economic Development Digest, please e-mail or contact any member of Womble Carlyle's Economic Development Team.

Labels: , , ,


Post a Comment

<< Home

back to top