Economic Development

News & Analysis as of

Charlottesville as a "Hotbed for Innovation": Fastest Growing Area in US for Venture Capital Funding

Where a court is located often determines the type of cases that it hears. For example, the "Rocket Docket" of the Eastern District of Virginia hears a large number of patent and technology-related cases both because of the...more

Governor Baker Files FY2017 Budget, Economic Development Bill; Speaker DeLeo Outlines Agenda

With Beacon Hill off and running in the new year, Governor Charlie Baker and House Speaker Robert DeLeo this week unveiled key parts of their policy agendas for 2016. As part of his second budget proposal since assuming...more

2016 New York Legislative Session Preview

With the delivery of the State of the State address and budget presentation on January 13, the New York legislative session finally began in earnest. As it does every year, the Governor's budget broadly outlines a roadmap for...more

Application Deadline for the CITF Grant and Loan Program – February 26, 2016

The deadline to submit applications for Community Infrastructure and Tourism Fund (CITF) grants and loans is February 26, 2016. There is an estimated $6,600,000 available in grants and loans for approved applicants. The...more

European Commission Work Programme 2016: 'No Time for Business as Usual'

According to the European Commission Work Programme 2016 entitled 'No time for business as usual', this year the European Union is facing new challenges to which the Commission wants to respond in an ambitious and fruitful...more

Update: Serbian Film Tax Incentives

Introduced last year, and effective from 1 January 2016, the new incentive offered by the Serbian government is essentially a refund of 20% of the qualifying spend incurred by an investor – either an individual or a company –...more

Restructuring eNewsletter - Global Insight Series: Institutionalizing secured lending to SMEs - A key to growth of the economy in...

Several countries in Africa have made significant progress in making their systems more efficient by revamping their system of recording security interests in movable assets and creating a meaningful non-judicial enforcement...more

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

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

Manufacturing Outlook - 2015 Q4

Welcome to the 2015q4 Manufacturing Outlook report in partnership with DLA Piper. Last quarter we signalled that storm clouds were gathering on the horizon, and in the past three months it seems that the gloom – mainly...more

The Death of EB-5 Has Been Greatly Exaggerated

Earlier this year we discussed the uncertain future of the EB-5 Visa Program, one of the most successful inbound investment programs of recent years, as evidenced by the $5.2 billion dollars the program has generated in the...more

Spotlight on Belgium - Issue 8, Fall 2015

As this issue of spotlight on Belgium shows, this is sometimes a correct perception. ongoing economic sanctions against Russia, as described by Jeroen Jansen and valerijus ostrovskis, demonstrate that legislation can add to...more

Argentina: foreign investors and the coming Macri presidency – 5 things to know

In Argentina’s first ever run-off presidential elections on November 22, center-right candidate Mauricio Macri of the political alliance Cambiemos (“Let’s Change”) defeated current President Cristina Fernandez de Kirchner’s...more

Bennett Jones Fall 2015 Economic Outlook

This fall Outlook has three sections. The first section sets out our view of the economic outlook commencing with a very short summary of recent world economy dynamics, followed by a review of the outlook for global growth...more

Some Hard Truths About Addressing Climate Change

On November 23, 2015 Boston Globe had an op-ed by Joshua Goldstein and Steven Pinker concerning some “Inconvenient Truths for the environmental movement.” I’m sorry to say that I agree with pretty much every word of it. Why...more

New Ozone Standard: Better Than it Could Have Been, But Creates Uncertainty for Industry

EPA has issued a final rule tightening the primary ozone national ambient air quality standard (“NAAQS”) down to 70 ppb from the 75 ppb limit established in 2008. The new NAAQS takes effect on December 28, 2015 (despite the...more

Presidential Memo Imparts “Moral Obligation” on Agencies to Mitigate Impacts of Natural Resource Development

On Tuesday, November 3, the White House released a Presidential Memorandum: “Mitigating Impacts on Natural Resources from Development and Encouraging Related Private Investment” (“Memorandum”). The Memorandum was sent to the...more

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

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

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

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

Employment of foreign nationals specialized staff in Cyprus

The employment of foreign workers in Cyprus has increased sharply over the recent years following the accession of Cyprus to the EU in 2004, and more importantly, the need for specialized, and highly qualified staff for the...more

Department of Labor Reissues Rules on Fiduciaries Investing in “Economically Targeted Investments”

The Department of Labor (DOL) has clarified the fiduciary implications of an employee benefit plan investing in so-called “socially responsible investments,” sometimes referred to as “impact investments” or “economically...more

New Buffalo Green Code May Make It Easier to Build in the Queen City

On Thursday, October 22, 2015, Mayor Byron Brown submitted the Buffalo Green Code to Buffalo’s Common Council. The Green Code is a modern development strategy that will build on “Queen City in the 21st Century,” Buffalo’s...more

Single Sales Factor Apportionment May Be Coming to North Carolina

In the last two years, the General Assembly has enacted major changes to North Carolina’s corporate income tax law, including significant rate reductions, elimination of numerous incentive credits and replacement of North...more

NC Politics in the News

TRIANGLE BUSINESS JOURNAL: Forbes: North Carolina No. 2 best state for business, careers - North Carolina rises on Forbes’ list of best states for business and careers this year, with the state taking over the No. 2...more

North Carolina General Assembly Week in Review

Governor Pat McCrory signed eight bills into law this week, leaving less than 25 bills awaiting his signature. The Governor has until October 30th to sign or veto the remaining bills. However, if the Governor takes no action...more

Crowdfunding: FINRA Proposes JOBS Act Portal Rules

Title III of the Jumpstart Our Business Startups Act, or JOBS Act, enacted in 2012 with the goal of increasing American job creation and economic growth, contains key provisions relating to securities offered or sold through...more

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