Several states have experimented in recent years with the idea of turning their economic development agencies over to semi-private management. Many of these organizations are struggling to balance job creation with public accountability.
A coalition representing state and local governments is urging the president and the Speaker of the House to keep the federal government income tax exclusion for municipal bond interest as leaders negotiate an alternative to the upcoming fiscal cliff cuts and tax hikes schedule to kick in next month.
Gov. John Kitzhaber told Oregon legislators he was calling them in for a special session for a bill that would allow the state to lock in the way corporate taxes are calculated for Nike and other big businesses reset the agenda.
Source: New Orleans Times Picayune | Louisiana |
December 12, 2012
The program, instituted in 1981, was designed to give tax credits, sales/use tax rebates and investment tax credits to businesses which created jobs in designated disadvantaged areas, called enterprise zones.
Source: Miami Herald | Florida |
December 10, 2012
As STEM has become an education buzzword in recent years, a steady stream of research has emerged that challenges the notion of STEM as an economic elixir. In some STEM careers, the employment picture is downright lousy.
Source: New York Times | Nation |
December 6, 2012
A government study concluded that the national economic benefits of significant natural gas exports far outweighed the potential for higher energy prices for consumers and industrial users of the fuel.