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.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.