Economic Development
Covering topics such as development incentives, business preservation, job creation and training and unemployment.
Work requirements through welfare have helped recipients find meaningful jobs. America has a vast workforce network at the ready to provide job placement services.
The tax credit would give an incentive for people to enter into the workforce by supplementing their wages with a break on income tax, a credit that would eventually go away as the worker makes more money and stays in the workforce longer.
While the entire nation is struggling amid a worker shortage, Maine’s aging workforce presents unique challenges. Workers that may have previously been overlooked are now being sought out and trained to fill labor gaps.
Some civic leaders in Morrow County have crafted a lurcative deal that gives the e-commerce giant tax fiber-optic services along with tax breaks worth nearly $50 million a year.
Despite surviving several COVID-related challenges, some businesses are closing due to monthly rent increases, landlord disputes and hiring difficulties. Only about 65 percent of small businesses are currently profitable.
The Maine Technology Asset Fund, a state-funded $45 million business development program, which has produced little public information, helps protect taxpayer investments, experts say.
New research found that improving gender equity across the state would increase the state’s income by $15.4 billion and would create 59,000 new jobs. Women earn less than men in every county except Greene.
The voter-approved Maine Technology Asset Fund awarded private companies with grants to help create new jobs and boost the state’s economy. But after five years, it’s unclear how impactful the investments have actually been.
Justice Unites Us will focus on the state’s Orange County congressional races with hopes of leveraging small business hubs to increase support for Democratic candidates.
Georgia has committed billions in incentives to electric vehicle and battery manufacturing companies for building factories across the state. The law is expected to stimulate investments that give consumers more choices.
The economy keeps adding them by the hundreds of thousands. But those big numbers don’t tell the whole story.
LaToya Cantrell announced last week that hundreds of unfilled government positions could get permanently cut to help pay for an across-the-board pay increase for the city workforce. But many worry about understaffing issues being exacerbated.
Tulsa has long relied on oil and gas to fuel its economy. It's created a tech and entertainment ecosystem that turned out to be a perfect fit for the era of remote work.
The state has partnered with Wisconsin, Indiana and Michigan to build a 1,000-mile electric vehicle charging circuit along a scenic Lake Michigan tourism route. The network is expected to be completed over the next few years.
While the Washington state county’s employment numbers continue to improve, a look at the civilian labor force shows the region still has not fully recovered from the impacts of the pandemic.
A proposal to provide middle-income residents with stimulus checks of $250 failed to pass the state’s Legislature. But House Speaker Ronald Mariano is determined that tax relief is “going to happen” this year.
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