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)

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