Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.
In this week's Economic Development Digest:
BOCC at odds on economic development, The Gadsen County Times (December 4, 2014)Board of County Commissioners debates how to allocate $240,000.00 dedicated for economic development.
Agency raising public profile, Citrus County Chronicle (December 5, 2014)In Florida, the Enterprise Zone Development Agency is taking an aggressive stance on raising its public profile, adjusting zone boundaries and attracting some development activity. There are about 65 enterprise zones statewide. The state incentives are in the form of tax credits, tax exemptions and tax refunds and have to be approved by the Department of Revenue.
Florida Department of Business Regulation withdraws rule disallowing contingent fees for accountancy firms citations: 61H1-20.005, TaxAnalysts.com (December 12, 2014)**The Florida Department of Business and Professional Regulation has withdrawn a rule that would have disallowed contingent fees for public accountants and firms for tax filings with federal, state or local governments.
Maryland amends health enterprise zone credit regs, TaxAnalysts.com (December 12, 2014)**
The Maryland Department of Health and Mental Hygiene has amended and adopted health enterprise zone tax credit regulations to establish procedures for implementing the hiring tax credit for for-profit and nonprofit employers.
DENR leader to face challenges as he replaces NC Commerce Department secretary, The News &Observer (December 2, 2014)John Skvarla will lead the North Carolina Commerce Department.
North Carolina releases county rankings for 2015 investment tax credits, nccommerce.com (December 1, 2014)North Carolina releases its county rankings for 2014 Investment Tax Credits.
North Carolina Governor highlights importance of historic tax credit, TaxAnalysts.com (December 11, 2014)**North Carolina Gov. Pat McCrory (R), at the grand opening of the North American headquarters of BuzziSpace, a manufacturer, highlighted the importance of the historic tax credit, which has brought nearly $1.5 billion of private investment into North Carolina since 1998 but is scheduled to sunset at the end of December.
South Carolina releases per capita income figures for tax incentives with job requirements, TaxAnalysts.com (December 4, 2014)**The South Carolina Department of Revenue has issued an information letter containing the state and county per capita income figures to help taxpayers determine whether they have met per capita income requirements of state tax credits and incentives.
Riggs Partners and Blackbaud featured in eBook on implementing skills-based volunteering programs in small businesses, midlandsbiz.com (December 3, 2014)A Billion + Change, Blackbaud and Riggs Partners released a new eBook, “Small Business, Big Purpose: A guide to skills-based volunteerism,” to celebrate Giving Tuesday. Small Business, Big Purpose provides a seven-step guide to implementing skills-based volunteering programs within small companies and describes how they have implemented skills-based volunteering programs.
Commerce Communications, South Carolina Department of Commerce (December 12, 2014)South Carolina Department of Commerce announces several large economic development projects.
Daniel Island man develops business referral app, The Post and Courier (December 14, 2014)Womble Carlyle client “Go Where I Go” develops app to track referrals and gets support from theSouth Carolina Research Authority’s Technology Ventures Launch program.
Loss of funding stalls some road projects in Frederick, The Winchester Star (December 4, 2014)**Loss of funding hinders some infrastructure projects in Virginia.
D.C. Council approves soccer stadium deal, paving way for games in 2017, The Washington Post (December 2, 2014)The Washington DC Council voted to approve a stadium for the DC United soccer franchise. The plan is expected to cost the District at least $150 million in direct investment and an additional $43 million in forgone tax revenue.
City sales taxes poised to become more common in W. Va., Charleston Daily Mail (November 25, 2014)The number of municipalities in West Virginia with local sales taxes could triple in the near future, with the revenues from such sales taxes being dedicated to fund projects including infrastructure improvements and economic development initiatives.
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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.
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