Under a new mandate, city workers returned to the office full time last week. However, about a dozen workers described the chaotic transition that included animal droppings, missing desks and ongoing construction.
A national stock exchange headquartered in downtown Dallas could drive more company relocations and jobs to the city and state. But many still wonder if it can compete against established exchanges.
A new report shows foot traffic in downtown Philadelphia has reached 85 percent of pre-pandemic levels. Office occupancy is still down, but local leaders say it’s time to think differently about the future of downtown.
State officials are offering up to $400 in gift cards to drivers who are willing to try out a new system aimed at replacing the gas tax with funding based on the number of miles a person drives.
Gov. Josh Shapiro signed an executive order on Monday that pioneers several initiatives to attract public service workers. Approximately 18,000 state employees will become eligible to retire in the next five years.
The site is expected to generate approximately 1,000 construction jobs immediately and 1,400 jobs once the center is finished. The center will be Google’s first in Missouri.
As other states ramp up their own development incentives, Texas is experiencing more competition for opportunity zone projects. Of 94 economic incentives projects across the nation this year, just two were in Texas.
As the nation’s housing crisis continues, many cities are altering their policies for affordable housing developments. But some states are trying to rein in the incentives.
In the last decade, the state’s retention rate of physicians post-residency has declined. The Legislature hopes that funding 700 additional slots for medical school graduates, at $100,000 each, will incentivize the doctors to stay.
The state’s Constitution forbids government entities from providing a good, service or property without an equitable return, but Georgia has learned to leverage “bond-for-title” deals and “phantom bonds” to incentivize businesses.
A proposed change to the state code would mandate new construction projects to build between 1 and 20 percent of their available parking as electric vehicle charging spaces.
In hopes of luring in chipmakers, states have been increasing their incentives for semiconductor manufacturers so that they may capitalize on the long-term economic development opportunities.
Our regions may be entering a new era in which they simply try to maintain what they have, or manage their decline. It’s going be harder for urban and suburban leaders to rise to the top by attracting new major corporate tenants.
Remote work presents myriad fiscal challenges to cities as well as employers. Business tax incentives are also in peril. Are “15-minute cities” the ultimate remedy?
Focusing just a small fraction of our economic development resources on supporting entrepreneurs can benefit all communities. And it’s good politics.
The program offers companies tax breaks based on the number of employees they hire and where those jobs are located. A report found the program costs more to operate than the tax revenue it generates.
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