Thursday, May 29, 2014, 2:15 PM

The Womble Carlyle Economic Development Digest - May 29, 2014

Womble Carlyle Economic Development Summit - June 20 - Daniel Island Club, Charleston, SC - details coming
Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.

In this week's Economic Development Digest:

  • Maryland allows local property tax credit for commercial property rehabilitation, (May 20, 2014)**
    Maryland SB 605, signed into law as Chapter 538, allows county and municipal governments to provide a property tax credit for qualifying investments used to bring existing commercial properties up to code; the credit may not exceed 50 percent of the investment and may be distributed over a 10-year period.
North Carolina
  • Local legislators seek to repeal film incentive sunset dates, Star News Online (May 20, 2014)
    Without legislative action this session in North Carolina, the film and historic preservation credits - both of which local leaders say are key to economic development in Wilmington, North Carolina - expire at the end of this year.
South Carolina
  • South Carolina lawmakers: Craft beer bill compromise reached, The Post and Courier (May 27, 2014)
    A compromise on a bill that could mean a spending and infrastructure bonanza for craft breweries in South Carolina is expected to pass this year and could bring a major California-based craft brewer to South Carolina.

**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.

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