California
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- Governor
rejects redevelopment replacement, approves related measure, Sacramento Business Journal (September 30, 2014)
Governor Jerry Brown of
California nixed a proposal that would have breathed new life into the
abolished redevelopment agencies by creating authorities capable of
financing community-supported infrastructure projects. The Governor
did, however, sign legislation reforming an economic development tool
known as infrastructure financing districts, which are similar to the
former redevelopment agencies in that they use property-tax growth to
fund infrastructure.
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Georgia
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- Georgia
proposes to amend rule on machinery exemptions to include consumable
products, TaxAnalysts.com (October 3, 2014)**
The Georgia Department of
Revenue proposed an amendment to a rule on sales and use tax
exemptions for manufacturing machinery and equipment, industrial
materials, and packaging supplies to include consumable supplies under
the definition of equipment; comments regarding the amendment must be
received by November 13.
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National
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- New
GASB reporting rules would be a 'game changer,' experts say, TaxAnalysts.com (October 10, 2014)**
Policy experts say the
Governmental Accounting Standards Board's proposal to require state
and local governments nationwide to disclose specific tax expenditures
in their financial reporting has the potential to reshape the public
debate over the merits of using tax breaks to generate economic
development.
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North Carolina
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- Google names NC town as a
'digital capital' of America, Triangle Business Journal (October 9, 2014)
Cornelius,
North Carolina wins Google’s eCity Award for North Carolina for being
a place where “businesses are embracing the Web to find new customers,
connect with existing clients and fuel their local economies.”
- 'Under The Dome' filming to
remain in Wilmington, Triangle Business Journal (October 10, 2014)
The CBS
television series “Under the Dome” will stay in Wilmington, North
Carolina, even after recent changes in the state’s incentive program
for productions.
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South Carolina
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- How
must South Carolina deal with same-sex marriages?, wcsr.com
(October 10, 2014)
The most likely result in
the federal case in South Carolina will be a decision following the
Fourth Circuit. When that case is resolved, employers most likely will
need to update their policies and procedures dealing with any benefits
afforded to married employees and their spouses to ensure that those
benefits are extended to same sex spouses.
- Charleston
Harbor deepening project reaches key milestone, South Carolina Ports (October 7, 2014)
The US Army Corps of
Engineers released the Draft Integrated Feasibility Report and
Environmental Impact Statement for the Post-45 Harbor Deepening
project, recommending that the Charleston Harbor be deepened to 52
feet.
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Texas
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- Davis, Abbott trade attacks
on ethics, enterprise fraud, The Houston Chronicle (September 30,
2014)
The second and
final debate of the Texas governor's race turned into a heated
showdown Tuesday night as Democrat Wendy Davis accused Republican Greg
Abbott of not telling the truth on a variety of issues, and Abbott
accused her of profiting from a state business incentives program.
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Washington D.C.
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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/Practices/Economic-Development.
Contacts
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North Carolina
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Charlotte
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Raleigh
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Research
Triangle Park
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Winston-Salem
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South Carolina
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Charleston
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Columbia
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Greenville
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Morris
Ellison
843.720.4614
MEllison@wcsr.com
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Georgia
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Atlanta
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