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Economic Development Grants

Bricker Graydon LLP

Investments Spark Economic Development Opportunities

Bricker Graydon LLP on

Many months of hard work, planning, and collaboration among various partners have been rewarded this spring as the DeWine Administration announced the results of the long-anticipated Appalachian Community Grant (ACG) Program....more

Barnea Jaffa Lande & Co.

Israel Innovation Authority Funds Proof of Concept

Barnea Jaffa Lande & Co. on

As part of its activities promoting entrepreneurship and innovation in Israel, the Israel Innovation Authority (IIA) provides budgets to technology entrepreneurship projects to encourage and support their various stages,...more

Womble Bond Dickinson

U.S. Government Designates 31 Tech Hubs to Bolster Innovation and Economic Development

Womble Bond Dickinson on

Earlier this week, the U.S. Economic Development Administration (EDA) within the U.S. Department of Commerce announced the designation of 31 technology hubs. These hubs span 32 states and Puerto Rico, with the goal of driving...more

Bradley Arant Boult Cummings LLP

Tennessee (Again) Expands Brownfield Redevelopment Incentives

For the third time in four years, Tennessee has expanded brownfield redevelopment incentives. On March 31, 2023, Gov. Bill Lee signed into law SB0271, legislation amending brownfield redevelopment laws related to franchise...more

Harris Beach PLLC

New York’s FAST NY Program to Provide $200 Million in Grants to Municipalities and Economic Development Agencies to Prepare and...

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On Monday, December 5, 2022, Empire State Development (“ESD”) announced that it will be providing up to $200 million in grants for the preparation and development of commercial sites across New York state to promote...more

Bricker Graydon LLP

New details of $500M Appalachian Community Grant Program released

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​​​​​​​The Ohio Department of Development’s Governor’s Office of Appalachia recently released new details for a program that will infuse up to half a billion dollars into the 32-county region (see our September 21, 2022 blog...more

Pullman & Comley, LLC

Funding Opportunity Available Through the DECD Under the CT Communities Challenge Grant Program

Pullman & Comley, LLC on

The State of Connecticut’s Department of Economic and Community Development (“DECD”) is offering a competitive grant application process to fund multiple projects under the CT Communities Challenge Grant Program (the...more

Baker Donelson

EDA Publishes NOFOs Worth $3 Billion in American Rescue Plan Act Grants

Baker Donelson on

On July 22, 2021, the U.S. Economic Development Administration (EDA), a bureau within the U.S. Department of Commerce, announced that it will implement a series of programs, collectively called "Investing in America's...more

Manatt, Phelps & Phillips, LLP

New York State Grant and Incentive Funding Opportunities Now Available

2021 Consolidated Funding Application Process Now Open, Beginning the 11th Round of Regional Economic Development Council Initiative - On May 10, 2021, New York Governor Andrew Cuomo announced the 11th round of the...more

Downs Rachlin Martin PLLC

Vermont Legislative Update Week 17 | Government and Public Affairs

Legislative Chess - It’s the time of year when the legislature plays chess. Sometimes it even plays speed chess, with programs, initiatives, and tax code changes flying in and out of bills as they move back and forth...more

Bricker Graydon LLP

Much more than just “drug houses”; State grants to fund commercial building demolition would propel county land banks as key...

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In late April 2021, a legislative committee in the Ohio House held its second hearing to consider creating a $100 million grant program, exclusively for county land banks, to fund commercial building demolition. Ohio’s land...more

Pillsbury Winthrop Shaw Pittman LLP

CARES Act Funding Begins to Reach Cities and Counties

Commerce Department’s Economic Development Administration has started disbursing some of its allocated $1.5 billion in recovery assistance for local communities to address the impacts of the COVID-19 pandemic. The U.S....more

Ruder Ware

Applications for Wisconsin’s “We’re All In” Small Business Grant to Open June 15

Ruder Ware on

The Wisconsin Economic Development Corporation (WEDC) will begin accepting online applications on June 15 for its We’re All In grant, which will provide $2,500 in relief to an estimated 30,000 small businesses throughout the...more

Pullman & Comley, LLC

Economic Relief is on its Way Following COVID-19 Damage

Pullman & Comley, LLC on

On March 25, 2020, the United States Senate unanimously passed (96-0) the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), commonly known as “Phase Three” of coronavirus economic relief. ...more

Genova Burns LLC

COVID-19 : A Synopsis of New Economic Development Authority Guidelines

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The COVID-19 global health pandemic is proving to have long-reaching economic effects. The New Jersey Economic Development Authority has introduced a multitude of programs to provide aid to New Jersey businesses....more

Miller Canfield

COVID-19: Act Quickly to Apply for Michigan Small Business Loans and Grants (Update)

Miller Canfield on

Michigan small businesses affected by COVID-19 may now apply for loans and grants through the Michigan Economic Development (MEDC) website. Earlier this month, we published an alert detailing the $20 million State of...more

Bricker Graydon LLP

Ohio returns to funding spec-based commercial & industrial development

Bricker Graydon LLP on

In 2020, Ohio’s development officials are again awarding grants to fund commercial and industrial development projects that don’t have known end users. JobsOhio is now in the midst of launching a $50 million per year grant...more

Barnea Jaffa Lande & Co.

Innovation Authority Grants – What to Know in Advance?

Barnea Jaffa Lande & Co. on

The State of Israel is constantly pursuing ways to support innovation and is immensely occupied with encouraging and supporting entrepreneurship, which it considers the foundation of developing the local economy. To that end,...more

Obermayer Rebmann Maxwell & Hippel LLP

Economic Development Grants – Good News, Bad News

Your application to receive a state or municipal economic development grant for your real-estate development project has been approved. That’s good news! The bad news is that the grant might be taxable income, thanks to the...more

McDermott Will & Emery

Tax Court Rules State Corporate Incentives Are NOT Taxable Income Under Federal Law

McDermott Will & Emery on

Many states and localities give incentives for business to move or transact in their locations. There has always been a question of whether these incentives are taxable income under federal income tax law. Internal Revenue...more

Best Best & Krieger LLP

Health Care Districts Facing New Requirements Under AB 2019 - Impacts to Information Sharing, Grant Policies and More

Best Best & Krieger LLP on

Assembly Bill 2019, signed into law last month by Gov. Jerry Brown, imposes additional requirements on California’s health care districts. ...more

Carlton Fields

Key Economic Incentives for Businesses Considering a Florida Location

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The State of Florida offers economic incentives to businesses that are thinking about locating—or relocating—in Florida. These incentives target corporate headquarters and certain high growth industries. In addition, many...more

McDermott Will & Emery

New Jersey Issues Guidance on BEIP Grant Conversion

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This month the New Jersey Economic Development Authority (the Authority) provided businesses with guidance, in the form of Frequently Asked Questions, on how to elect to have their unpaid Business Employment Incentive Program...more

Moore & Van Allen PLLC

2015 Changes to the Job Development Investment Grant (JDIG) Program

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One of the first major bills to pass either chamber of the General Assembly this year was H 117, NC Competes Act. The bill included substantial changes to several economic development programs, including some to the Jobs...more

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