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Economic Development Incentives

Holland & Knight LLP

Reglamentación del Incentivo a la Creación y Permanencia de Empleos Formales en Colombia

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El Ministerio del Trabajo de Colombia el 29 de abril de 2024, expidió el Decreto 533 de 2024 por medio del cual sustituyó la Sección 10 del Capítulo 1 del Título 6 de la Parte 2 del Libro 2 del Decreto 1072 de 2015, Único...more

Baker Donelson

Show Me the Money! Tap Into Tennessee's New and Expanded Programs to Encourage Redevelopment of Contaminated Properties

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Communities and developers now have the opportunity to tap into certain funds earmarked by the state specifically for brownfield redevelopment and to take advantage of certain incentive programs that apply to more brownfield...more

Holland & Knight LLP

Se acerca fecha límite para postularse al incentivo de nuevos empleos en Colombia

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La Ley 2294 de 2023 por la cual se expidió el "Plan Nacional de Desarrollo 2022-2026", como parte de las medidas encaminadas a la promoción, generación y protección de empleo formal, amplió la vigencia del incentivo para la...more

Womble Bond Dickinson

Highlighting Key Economic Development Actions from Across the U.S.

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California - In the Golden State, a bill to expand the state’s approach to workforce development programs passed the Senate floor on a 31-6 vote on May 24th, and is set to be considered by the Assembly’s Labor and...more

Holland & Knight LLP

Incentivos tributarios para la generación de empleo en Colombia

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Actualmente existen varios incentivos no sólo para preservar el empleo, sino para estimular su creación en Colombia. En la presentación de Holland & Knight, "Incentivos tributarios para la generación de empleo", resumimos las...more

Adams and Reese LLP

Business Continuity in a Natural Disaster: First Steps on the Road to Recovery - October 2022

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As we begin to assess the damage from historic Hurricane Ian, Adams and Reese’s Disaster and Recovery Team is here to assist you. The Firm has extensive experience handling a wide range of disasters, including hurricanes Ida,...more

Womble Bond Dickinson

South Carolina’s Major Economic Development Incentive Change

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On June 22, 2022, Henry McMaster, the Governor of South Carolina, signed South Carolina Bill 901 (the “Bill”) into law. The Bill amends the Enterprise Zone Act of 1995’s section on Job Development Credits (JDCs), one of South...more

Kohrman Jackson & Krantz LLP

Ohio Brownfield Remediation Program: Increasing Economic Potential Through Incentivized Community Investments

Ohio recently announced the first round of grant awards for the state’s Brownfield Remediation Program. Ohio dedicated nearly $350 million for the program administered by the Ohio Department of Development through the 2021...more

BCLP

Pritzker Signs Climate and Equitable Jobs Act Launching Illinois into a Renewable Energy Future

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“Decarbonization” and “Electrification” are the buzzwords floating around Illinois following Governor Pritzker’s signing of the Climate and Equitable Jobs Act (the “Act”) on September 15, 2021. As the largest and most...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act of 2020: An Overview Of The Brownfields Redevelopment Incentive Program

The New Jersey Economic Recovery Act of 2020, a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous...more

Orrick, Herrington & Sutcliffe LLP

Attuazione dei nuovi incentivi all'investimento nel capitale di startup e PMI innovative previsti Decreto Rilancio

È stato pubblicato sulla Gazzetta Ufficiale, Serie Generale n.38, del 15 febbraio 2021, il decreto del Ministro dello Sviluppo Economico di concerto con il Ministro dell’Economia e delle Finanze del 28 dicembre 2020 (il...more

Orrick, Herrington & Sutcliffe LLP

Implementation of the new incentives to invest in the share capital of startups and innovative SMEs envisaged by the "Relaunch...

The Minister of Economic Development in agreement with the Minister of Economy and Finance published the Decree December 28, 2020 which implements the incentives provided for by Article 38, paragraphs 7, 8 and 9 of...more

Fox Rothschild LLP

NJ Economic Recovery Package Spurs Jobs And Development With Business Tax Incentives

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New Jersey businesses now have access to about $14 billion in tax incentives designed to encourage companies to create and maintain jobs, complete development and redevelopment projects, rehabilitate qualified New Jersey...more

Williams Mullen

Williams Mullen's Comeback Plan: North Carolina’s COVID-19 Job Retention Program

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Corporate attorney Amish Patel summarizes N.C. House Bill 1023, which created the COVID-19 Job Retention Program and provides a high-level overview of major economic development incentives in North Carolina....more

Lowndes

Orange County to Consider Adopting Temporary Economic Development Measures

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On July 7, 2020, the Orange County Board of County Commissioners will consider adopting a Resolution implementing two incentive efforts aimed at “easing the economic burden of development” within the County....more

Foley & Lardner LLP

Coronavirus Impact on Economic Development Credit and Incentive Agreements

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With the economic disruption of the COVID-19 pandemic certain to continue through the end of 2020, now is the time to consider the impact of the virus on year-end reporting obligations, particularly those that relate to...more

Ballard Spahr LLP

Treasury Releases Final Regulations On Qualified Opportunity Zone Program

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The U.S. Department of Treasury published Final Regulations for the Qualified Opportunity Zone (QOZ) program on January 13, 2020, which answer many, but not all, of the questions arising from the Proposed Regulations released...more

Shutts & Bowen LLP

Buy Low! Businesses Need Not Bid On County-Owned Lands in Florida

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When businesses open in a new area, they frequently try to get as many incentives as possible from the local government. Conversely, many local governments try to offer as many incentives as possible in order to attract or...more

Bricker Graydon LLP

Ohio Attorney General reports 78.3% compliance rate for 2016 economic development incentives

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Ohio Attorney General Mike DeWine recently released his 2017 Report to the General Assembly on Compliance with State Awards for Economic Development, which showed “an overall compliance rate of 78.3%,” according to a press...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

King & Spalding

Infrastructure, Energy and Land: Russia’s renewed focus on the development of the Russian Far East

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Over the past two years, Russia has expressed its intent to significantly increase investment opportunities in the Russian Far East including in the areas of infrastructure development, ship and oil rig building, trade,...more

Morgan Lewis

Russia’s New Advanced Development Territories Law: Far East Focus

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An initiative to spur investment in this underdeveloped region. Amid the ongoing loud noise surrounding the situation in Ukraine (and in Syria) and the related sanctions and counter-sanctions, a new Russian development...more

McDermott Will & Emery

Apply Now for New York State Economic Development Incentives

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The application cycle for up to $750 million in New York economic development incentives is due soon. Whether a business is currently operating in New York (the Regional Economic Development Council (REDC) Initiative) or...more

Fisher Phillips

Massachusetts Governor Wants to Ban Non-Compete Agreements and Enact the Uniform Trade Secrets Act

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Massachusetts Governor, Deval Patrick, recently announced a bill—An Act to Promote Growth and Opportunity—that would provide workforce training opportunities and promote economic development incentives across the...more

Bond Schoeneck & King PLLC

New York State Economic Development Incentives Presentation

In This Presentation: NYS Economic Development Incentives • Five primary programs: o Start-Up NY Program; o Excelsior Jobs Program; o Industrial Development Agency (IDA) Benefits; o Brownfield Cleanup...more

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