BLOGS: Womble Carlyle Economic Development Digest

Monday, February 23, 2015, 1:50 PM

The Womble Carlyle Economic Development Digest - February 16, 2015

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
California competes tax credit application  regulations amended, TaxAnalysts.com (February 10, 2015)**
The California Governor's Office of Business and Economic Development (GO-Biz) has amended regulations on the application process for the California Competes Tax Credit and included changes regarding contingency fee restrictions after rejecting suggestions by the California Society of CSAs to revise the reg's language.
Senate Democrats embrace governor's climate change strategy, The Gazette (February 10, 2015)
Senate Democrats in California embraced climate change goals this week by adopting Governor Brown’s call to increase the use of renewable energy to 50% in 15 years.

Georgia
Georgia editorial roundup, The State (February 11, 2015)
State lawmakers from Savannah are apparently pushing statewide legislation, expected to be introduced this week, that would eliminate Georgia's existing cap on state income tax credits for developers who rehabilitate historic property.

Maryland
Change in school funding formula debated, Baltimore Sun (February 3, 2015)
Baltimore explores the impact of incentives on its local schools.
Bill to stimulate rural economies moving forward, times-news.com (February 9, 2015)
A new bill that would establish tax breaks and infrastructure funding for businesses locating or expanding in rural areas is moving through the Maryland legislature.
Maryland Economic Development Commission releases report on improving business climate, TaxAnalysts.com (February 12, 2015)**
An economic development task force appointed by Maryland lawmakers has released a report on recommendations to improve the state's business climate that include restructuring the state's economic development programs and sharing of aggregate data on corporate income taxes paid and business tax incentives for better analysis of program efficacy.

Read more...(pdf format)

Monday, February 9, 2015, 3:23 PM

The Womble Carlyle Economic Development Digest - February 9, 2015

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

In this week's Economic Development Digest:

Delaware
Fort DuPont redevelopment: flood risk a concern, Delaware Online (January 28, 2015)
Redevelopment along the Delaware River raises concerns about flood risk.

Florida
A blight on the county budget, Miami Herald (January 31, 2015)
Community Redevelopment Agencies (CRAs) operate under different rules than local governments. For example, tax-increment revenue from counties and cities is diverted to CRA districts for redevelopment projects.
Spare affordable housing from draconian cut, Bradenton Herald (February 5, 2015)
In setting budgetary priorities, Florida weighs important interests such as affordable housing with competing interests such as land conservation.

Georgia
Georgia Senators propose creation of tax exemption study committee, TaxAnalysts.com (January 29, 2015)**
A dozen Georgia Democratic senators have introduced a bill (SR 65) that would create a tax exemption study committee to examine the effectiveness of economic development tax credits in the state.
Georgia House leaders propose transportation plan, The Marietta Daily Journal (January 29, 2015)**
Georgia legislators vote to increase state funding for transportation by $1 billion annual by utilizing its gas tax and a usage fee for alternative fuel vehicle owners.

Read more...(pdf format)

**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.
To contact our attorneys regarding an economic development or related matter, please e-mail EconDigest@wcsr.com for a response within 24 hours.

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