BLOGS: Womble Carlyle Economic Development Digest

Thursday, May 26, 2016, 7:53 AM

Congratulations to Blackbaud for the announcement of its new worldwide corporate headquarters campus in South Carolina!

In this week's Economic Development Digest:

Georgia

• Atlanta leaders look for answers in Texas, The Atlanta Journal-Constitution (May 3, 2016)
Leaders from Atlanta, Georgia travel to Dallas, Texas to learn how Texas approaches economic development.
• Georgia extends sunset date of exemption for regionally significant competitive projects, TaxAnalysts.com (May 3, 2016)**
Georgia HB 937, signed into law as Act 596, changes the sunset date of the exemption for sales of tangible personal property used in the construction of competitive projects of regional significance from June 30, 2019, and extends the sunset date of the excise tax on rental car charges from December 31, 2038, to December 31, 2047.
• Georgia DOR rules taxpayer's new LLC will qualify for high-technology computer exemption, TaxAnalysts.com (February 23, 2016)**
The Georgia Department of Revenue advised a taxpayer forming a new limited liability company to provide business process and information technology services to its partners that transfers of hardware and software assets from the taxpayer to the new entity will be exempt from sales and use tax under the state's high-technology computer exemption.

North Carolina:

• North Carolina tourism posts record 2015; will it continue this year in light of HB 2?, Charlotte Business Journal (May 4, 2016)
North Carolina begins to feel the impact of HB 2.
• Public records: Commerce learned of PayPal HB2 reversal from the Internet, Triangle Business Journal (May 16, 2016) North Carolina state commerce officials attempt to mitigate the impact of HB 2.

Continue reading the Digest...(pdf)

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Wednesday, January 27, 2016, 1:45 PM

The Womble Carlyle Economic Development Digest - January 26, 2016

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

In this week's Economic Development Digest:

Georgia
• Georgia DOR amends sales tax rule on energy for manufacturing, TaxAnalysts.com (January 4, 2016)**
The Georgia Department of Revenue has amended a sales tax rule on energy necessary and integral to manufacturing to clarify the statutory definition of energy, the taxable use of energy at a manufacturing plant, the exempt use of energy at a manufacturing plant, and the energy exemption created by the Transportation Funding Act of 2015.

Maryland
• Hogan says he'll seek tax cuts, The Baltimore Sun (January 7, 2016)
Maryland Gov. Larry Hogan proposes $400 million in tax cuts over the next five years (highlights include a $1.1 billion "rainy day fund”, $6.3 billion for K-12 education, $314 million in new funding for school construction and $2 billion for "shovel-ready" infrastructure projects, including fixing every structurally deficient bridge in the State).

• Maryland tax structure an impediment to business, TaxAnalysts.com (January 26, 2016)**
The prosperity of Maryland businesses will, in most instances, lead to the creation of jobs for the State's citizens.

Continue reading this week's Digest (pdf)...

**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.

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Monday, December 14, 2015, 11:35 AM

The Womble Carlyle Economic Development Digest - December 11, 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:

National
Tax Foundation releases 2016 state business tax climate index, TaxAnalysts.com (November 17, 2015)**
The Tax Foundation has released its state business tax climate index for 2016; notable changes to this year's rankings include Illinois' jump from 31st to 23rd due to the sunset of corporate and individual income tax increases, Nevada's fall from third to fifth due to its commerce tax, and New Mexico's jump from 35th to 27th due to a corporate income tax reduction.

North Carolina
North Carolina expands incentive program to increase investment, Tax Notes (December 1, 2015)**
In September, North Carolina Gov. Pat McCrory (R) approved significant amendments to the state's flagship investment incentive program, the Job Development Investment Grant (JDIG). The North Carolina Department of Commerce administers the JDIG program. The cash grant can be awarded to a company that is able to commit to an investment project that generates a significant number of full-time jobs and, for mega projects, a threshold investment value based on local property tax values. The legislation (HB 117) also introduces a mechanism to gross up the amount of the available funds in the grant pool for 2015 and subsequent calendar years for some mega- or high-yield projects. The grant pool for any year will be increased significantly if the state enters into at least one incentives agreement with a business for a high-yield project.

Our opinion: Our "new" council, Greensboro News & Record (December 6, 2015)
Greensboro, North Carolina moves towards a more collaborative approach to economic development.

JDIG and Medicaid: Two NC laws with major business implications in 2015, Triangle Business Journal (December 9, 2015)
Lawmakers approved a package that extends the Job Development Investment Grant (JDIG) programs through 2018.

Womble Carlyle launches Strategic Initiatives Group; Entrepreneur, Former Google Executive Rhett Weiss to lead new team, wcsr.com (December 9, 2015)

Read more...(pdf)

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Wednesday, November 11, 2015, 8:48 AM

The Womble Carlyle Economic Development Digest - November 10, 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:


Georgia
Georgia Department of Education adds economic development liaison, Atlanta Business Chronicle (October 21, 2015)
Richard Goble is the new economic development liaison and will work with business executives and promote career education in the schools.

Georgia DOR amends rule on definition of business enterprise, TaxAnalysts.com (November 4, 2015)**
The Georgia Department of Revenue has adopted clarifying amendments to a rule on the definition of business enterprise.

South Carolina
Mauldin mulls creating Community Development Department, Greenville Online (October 28, 2015)
Mauldin, South Carolina forms a new department which will focus on economic development.

Continue reading...


**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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Thursday, November 5, 2015, 12:36 PM

Congratulations to ScanSource on Greenville, S.C. HQ Expansion, Job Creation


GREENVILLE, S.C.—Congratulations to ScanSource, Inc! The Womble Carlyle client recently announced plans to expand its Greenville headquarters—and add more than 100 high-paying jobs.
Currently, ScanSource employs around 650 workers at its Greenville corporate campus. The new expansion will convert 30,000 feet of warehouse space into additional office space to accommodate the company’s need for additional sales and support staff.

ScanSource is a fast-growing company that has expanded its Greenville headquarters five times in the past 10 years.
Womble Carlyle attorney Stephanie Yarbrough guided ScanSource through this economic development project, including helping the company secure state and local incentives, such as job development credits.

Read more...(WCSR.com)

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Tuesday, September 15, 2015, 1:31 PM

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

National
Obama orders federal contractors to provide workers paid sick leave, The New York Times (September 7, 2015)
President Obama continues to advocate for his economic agenda, saying his goals will encourage economic growth.

North Carolina
Belk to be acquired by New York based Sycamore Partners, Charlotte Business Journal (August 24, 2015)
Belk to be acquired by New York based company.

South Carolina
From boom to near-bust: A gunmaker's cautionary tale, USA Today (August 13, 2015)
Gun manufacturers and economic development is a very complex relationship.

States, counties will have to reveal more about incentives given to create jobs, The State (August 14, 2015)
New GASB rules will provide for greater disclosure of economic development incentives.

South Carolina DOR issues guidance regarding abandoned building, textile mill, and retail factory tax credits, TaxAnalysts.com (July 8, 2015)**
The South Carolina Department of Revenue has issued guidance regarding the provisions of the income tax credit and a general overview of the property tax credit for the Abandoned Buildings Revitalization Credit, the Textile Mill Revitalization Credit, and the Retail Facility Revitalization Credit.

South Carolina DOR releases guidance on requesting incentive-based apportionment method, TaxAnalysts.com (September 3, 2015)**
The South Carolina Department of Revenue has released procedural guidance explaining how a taxpayer may request approval of an economic development incentive based on an alternative apportionment method, providing an overview of the application process and the conditions that must be met to qualify for an incentive-based method.

Texas
Taylor announces economic agreement with Mexico City, San Antonio Express-News (August 28, 2015)
The City of San Antonio, Texas anticipates entering into an economic development agreement with Mexico City.

**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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Friday, July 17, 2015, 1:50 PM

The Womble Carlyle Economic Development Digest - July 17, 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:

North Carolina
  • North Carolina Research Institute Issues Report on Local Economic Incentives, TaxAnalysts.com (July 9, 2015)**The John Locke Foundation has released a policy report on North Carolina's economic development spending at the county level, finding that between fiscal 2009 and fiscal 2014, 81 of 100 counties participating in economic development activities under contract paid out a total of $144 million and calling for a standardized reporting requirement.
South Carolina
Keep reading this week's Digest... (pdf)

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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Monday, April 13, 2015, 10:54 AM

The Womble Carlyle Economic Development Digest - April 10, 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:

Georgia
Gov. Nathan Deal kept tight reins on 2015 General Assembly, Albany Herald (April 4, 2015)
Georgia Governor takes strong position on education in Georgia. 


National
ALEC Releases 2015 State Economic Competitiveness Index, TaxAnalysts.com (April 8, 2015)**
The American Legislative Exchange Council has released the 2015 edition of its Rich States, Poor States economic outlook ranking, finding the states with the best economic outlook for 2015 were Utah, North Dakota, and Indiana, while the states with the worst outlook were New York, Vermont, and Minnesota. Kentucky, Illinois, and Oklahoma had the largest gains in rank over last year, while Michigan, Delaware, and Pennsylvania fell the farthest on the scale. 


North Carolina
• Industry pitches offshore oil, gas, Carteret County News-Times (March 22, 2015)
North Carolina explores offshore energy exploration.
• Van Duyn bill would expand Medicaid, but chances slim, The Asheville Citizen-Times (March 25, 2015)
North Carolina studies the Affordable Care Act and its potential impact on economic development. 


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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Monday, March 23, 2015, 9:42 AM

The Womble Carlyle Economic Development Digest - March 20 , 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:

Georgia

North Carolina
Read more...

**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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Tuesday, March 3, 2015, 12:04 PM

The Womble Carlyle Economic Development Digest - March 2, 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:

Georgia


  • State moves aimed at car plant win?, The Atlanta Journal-Constitution (February 20, 2015)
    Georgia economic development officials are angling for their biggest jobs recruitment deal in nearly a decade, and Gov. Nathan Deal is flexing his political muscle to help land the prospect.

North Carolina



Continue reading...(pdf)

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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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Tuesday, December 2, 2014, 11:09 AM

The Womble Carlyle Economic Development Digest - December 1, 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

  • EH Group bio-mass, WEDA contract on agenda, The Daily Independent (November 18, 2014)
    Ridgecrest, California City Council, at its meeting Wednesday, is scheduled to discuss and possibly approve a contract between the city of Ridgecrest and the EH Group. The EH Group develops Bio-Mass Refinery Systems; they were selected by council on July 2 to receive an industrial development grant totaling $500,000 (according to a staff report).

  • Keeping S.F. light rail on track and on time, San Francisco Gate (November 25, 2014)
    San Francisco upgrades its light rail service at the same time as it sets an ambitious goal of having all electricity in the city come from renewable sources by the end of 2020.

Georgia




Maryland
   
  • Can Larry Hogan change Maryland's business climate?, Baltimore Business Journal (November 14, 2014) Hopes are running high in Maryland's corporate community that Larry Hogan will improve Maryland’s business climate when he takes over as governor in January. CNBC named Maryland the 35th best state in the country for business in 2014. Chief Executive magazine named it 41st. While a new Forbes ranking said Maryland was the 20th best state for businesses and careers, the magazine still deemed it as among the poorest in the country in business costs and regulatory environment.

North Carolina



  • Partnership for new jobs starts strong, The Snap Online (November 10, 2014)
    North Carolina’s new, private job-recruiting and marketing agency appears to be starting off on the right foot when it comes to transparency.

Washington D.C.

  • Muriel Bowser says she will remove Reeves Center sale from D.C. United stadium deal, The Washington Post (November 18, 2014)
    Mayor-elect wants to disconnect Reeves sale from stadium plan. The District's mayor-elect said Tuesday that she would move to "de-link" the sale of a valuable city property from a broader deal to build a stadium for the D.C. United soccer franchise, a move that could ease political concerns but create new complications for the $300 million proposal.

**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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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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