In the wake of the recession and the long, slow recovery from it, state and local governments have been even more eager to offer incentives to the few projects they have hopes of landing.
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.
In an effort to emerge more resilient and prosperous, states and localities are rethinking power grids, roads and sewers in the wake of Superstorm Sandy.
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.
With those changes, 19 states and the District of Columbia will have minimum wages above the federal level of $7.25, which translates to about $15,000 per year for a full-time worker.
Gov. John Kitzhaber signed House Bill 4200 to provide tax certainty for Nike ahead of a $150 million expansion in Oregon by the global sportswear company.
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.
Community health is about more than quality of life. Increasingly, companies are basing their location decisions on the availability of a healthy workforce.
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.