Tuesday, October 14, 2014, 11:32 AM

The Womble Carlyle Economic Development Digest - October 13, 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

  • 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.

Georgia

  • 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.

National

  • 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.

North Carolina




  • 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.

South Carolina


  • 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.

Texas

  • 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.


Washington D.C.


**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/Practices/Economic-Development.

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.




Contacts

North Carolina

Charlotte

Raleigh

Research Triangle Park

Winston-Salem







 

 

 

South Carolina

Charleston

Columbia

Greenville
Morris Ellison
843.720.4614
MEllison@wcsr.com








 

 

Georgia

Atlanta

 

 


 

 

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