Monday, June 30, 2014, 2:19 PM

The Womble Carlyle Economic Development Digest - June 27, 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:


  • California's tax-cutting Legislature?, Orange County Register (June 25, 2014)
    California elected officials focus on why so many jobs appear to be leaving California and heading to other states.



  • Florida Bill amends economic development program provisions, (June 20, 2014)**
    Florida HB 7023, signed into law as Chapter 218, provides a sales tax refund for purchases of electricity by eligible businesses in rural areas, makes reemployment assistance installment plans a permanent option, and provides requirements for loan programs relating to proper stewardship of funds.



  • A forthcoming film about Kelo v. City of New London, The Washington Post (June 23, 2014)
    This week is the ninth anniversary of Kelo v. City of New London, the controversial Supreme Court decision in which the Court ruled that it was permissible for the government to take private property and give to another private owner in order to promote "economic development" because the hope of increased development is enough to meet Fifth Amendment's requirement that all takings be for a "public use."

North Carolina

  • Is the end near for NC film incentives?, The Asheville Citizen-Times (June 22, 2014)
    The North Carolina 25% refundable tax credit for film is set to expire at the end of this year. The current law gives a 25 percent refund to productions that spend more than $250,000, with a payout cap of $20 million for most productions and no monetary limit on TV series.

  • Don't forget us, The Daily Courier (June 20, 2014)
    Some in North Carolina argue that infrastructure funds are being focused on the corridor between Charlotte and Raleigh and are diverted away from the rural parts of North Carolina.

  • North Carolina returns to CNBC's Top States for Business, claiming No. 5 spot, Triangle Business Journal (June 25, 2014)
    Call it a Carolina Comeback, if you will. CNBC counted down its annual Top States for Business ranking throughout the day Tuesday, and North Carolina has reclaimed its place among the best.

  • Homeownership for millennials to rise faster in NC than other states, Triangle Business Journal (June 24, 2014)
    First-time buyers are struggling — but in North Carolina, a cheaper cost of living and a slew of job opportunities means homeownership rates for millennials will likely rise faster than in other states, an economist at the Progressive Policy Institute says.

South Carolina


  • Face to face with Rick Perry, Texas Monthly (July 2014)
    Governor Perry of Texas talks about his time in office, and what is in store for both Texas and his career from here.

**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.


North Carolina



Research Triangle Park


Alfred Adams




South Carolina



Morris Ellison












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