United States:
Economic Development Digest (May 2017)
24 May 2017
Womble Bond Dickinson
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CALIFORNIA
- GM Receives an $8 Million Tax Break for Self-Driving Car
Campaign, Los Angeles Times (April 14, 2017) An economic
development board in California has approved an $8 million tax
credit for General Motors to bolster the company's autonomous
vehicle division with more than 1,100 hires statewide.
Read the full Los Angeles Times article.
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COLORADO
- The Colorado Economic Development Commission Offers $33 million
for 1,500 High-tech Jobs, Denver Business Journal (April 20, 2017)
$12.7 million was offered to Lockheed Martin (NYSE: LMT) and $20.3
million to an unnamed software company in an effort to create
1,500+ high-paying jobs in the Denver metro area.
Read the full Denver Business Journal
article.
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NORTH CAROLINA
- Gov. Roy Cooper Names a New Board Chair to Help Lead the
State's Economic Development Efforts, Triangle Business Journal
(May 2, 2017) Cooper also made his case to forgo tax cuts in favor
of spending more on education across all levels.
Read the full Triangle Business Journal
article.
- Google Estimates Impacting 37,000 Businesses in North Carolina
in 2016, Triad Business Journal (May 11, 2017) The California-based
company contributed $2.38 billion in economic activity and reported
$11 million in free advertising to nonprofit organizations based in
the state.
Read the full Triad Business Journal
article.
- North Carolina Beats Out for the 2017 Prosperity Cup Awarded by
Site Selection Magazine, Charlotte Business Journal (May 5,
2017)
Read the full Triad Business Journal
article.
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SOUTH CAROLINA
- Womble Carlyle's Stephanie Yarbrough Elected to SCEDA Board
(May 5, 2017)
Read the full article on the Womble Carlyle website.
- S.C. Department of Commerce Names a New Director for the Office
of Innovation, The Post and Courier (May 15, 2017) Laura Corder, a
former incubator manager, will take on this new role and be tasked
with boosting the state's emerging high-tech industries.
Read the full The Post and Courier
article.
- A Boom in the Export of Plastic Leads to New Development in
North Charleston, The Post and Courier (April 25, 2017)
Massachusetts-based Mid-States Packaging Inc. is planning to invest
$5.2 million into a warehouse and distribution center and will
eventually hire 30 people locally to work there.
Read the full The Post and Courier
article.
- "China, Meet South Carolina", Site Selection magazine
(March 2017) Site Selection discusses South Carolina's success
courting Chinese corporate investors and talks to Wally Wang,
Senior Project Manager at the South Carolina Department of
Commerce, about his part in the process.
Read the full Site Selection article.
- China Hengshi Foundation Company is Locating New Operations in
Columbia, Area Development (May 19, 2017) The fiberglass fabric
provider is expected to bring $11.1 million in capital investment
and create 48 jobs in Richland County.
Read the full Area Development article.
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NATIONAL
- Solar Costs Continue to Fall, Will There Be a Bright Forecast
Ahead for Solar Energy? Petroleum Economist (May 12, 2017)
US Department of Energy's National Renewable Energy
Laboratory (NREL) and similar institutes in Japan and Germany are
working with academic and industry researchers to outline a plan
for increasing solar power usage worldwide.
Read the full Petroleum Economist article.
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