Economic Development

News & Analysis as of

SB 628: Investing Tax Increment in Infrastructure and Economic Development

It will be slightly easier for municipalities and special districts to harness the tax increment for financing infrastructure projects under Senate Bill 628. Infrastructure Financing Districts, which have existed in...more

Growing Michigan - Fourth Quarter 2014

In This Issue: - GAPPs Improve Michigan Food Processing - 30 Projects Announced to Support Michigan Specialty Crop Growers - Proposed Privacy Fences Around Michigan Apiaries - Great Lakes Ag-Tech...more

Monumental Change Announced for Alaska Native Tribes—BIA will Allow Alaskan Land to be Taken into Trust

On December 19, 2014, the Bureau of Indian Affairs announced the promulgation of a final rule that will allow land to be taken into trust for federally-recognized tribes in Alaska. Allowing trust lands in Alaska is a seismic...more

Turnin’ Havana to Atlanta: The White House Opens Doors for U.S. Telecommunications Investment in Cuba and Latin America

Historic changes in relations between the United States and Cuba (that touch nerves in Hip-Hop and on Capitol Hill) and new U.S. sanctions against Venezuela may provide increased opportunities for U.S. business generally, and...more

Globalize Miami Series: PortMiami and its Significance to Miami’s Growth

In the weeks ahead, our New Miami Blog will present a series that asks how Miami can become the nation’s premier center for education, innovation and entrepreneurshipin global trade....more

Market Outlook for San Francisco Commercial Real Estate

The San Francisco commercial real estate market continues to be strong, with no apparent dark clouds on the horizon from a demand standpoint. The tech-led market brings growth to a variety of professional and other business...more

The Economic Development Toolbox: “The Clean-Up Hitters” – Enterprise Zone and Community Reinvestment Area Property Tax Exemptions

Capital investment projects often involve tight margins, and every single dollar counts to ensure that the project is a success. For that reason, property tax exemptions are key components of any economic development...more

Application and Sale of Restricted Tax Credits

The Pennsylvania Department of Revenue has issued detailed rules for the application and sale of various Pennsylvania tax credits. Corporation Tax Bulletin 2014-04 replaces Corporation Tax Bulletin 2011-03. The Bulletin...more

Explore: Insights from the DLA Piper Mining Sector (Global)

In This Issue: - Editorial - About our mining sector - Mirabela Nickel restructuring – An Australian first - EU import duties and the mining supply chain - Indonesia – An update on the ore and minerals...more

Update on Minnesota Angel Tax Credit for 2015

As you are emerging from your Thanksgiving comas and getting ready for the busy holiday season, now is a good time for a reminder that the Minnesota Department of Employment and Economic Development (DEED) is already...more

Miami-Dade County’s Public Transit Plans Spur Development Opportunities

With Miami-Dade County making a concerted effort to expand its public transit system, South Florida developers are asking “what development opportunities will accompany the birth of such transit system?” ...more

A Report on the Future of Atlantic City (In the Words of "Atlantic City")

How do you regild a city that’s lost its luster? Last month, the New Jersey Governor’s Advisory Commission on Gaming, Sports, and Entertainment released a report attempting to answer that question for Atlantic City. ...more

New rules on the use of vouchers

Vouchers are an effective and increasingly popular marketing tool to attract customers and the Italian Ministry of Economic Development recently issued a “circular” which clarifies the boundaries of the latest regulations...more

Bennett Jones Fall 2014 Economic Outlook

We expect a modest strengthening of global growth over the next two years relative to 2013 and 2014, largely originating from the advanced economies, and the U.S. in particular. Growth in the emerging economies as a whole...more

MIA Expansion Indicative of City’s Economic Growth

For signs of economic growth in Miami, look no further than Miami International Airport, or as Miamians call it, “MIA.” In the past couple of years, MIA has experienced incredible growth. It is recognized as the number one...more

Navigating India: Lessons for foreign investors

Foreign companies that learn from the experience of previous investors can navigate the challenges of investing in India. Optimism for doing business in India is rising. Enthusiasm rocketed when Narendra Modi was...more

Prediction 2015: Chinese investment wave will create many opportunities in the US

As the Chinese economy continues to become more important globally, we are seeing a shift in Asian investment in the United States, particularly in California. Chinese investors will become even more active and influential...more

State Council Issues Guideline to Boost Sports Industry

On October 20, 2014, the State Council announced a guideline to boost China’s sports industry, named Opinions on Accelerating the Development of Sports Industry and Promoting Sports Consumption, Guofa [2014] No. 46...more

High Stakes Out on the Range: Gunnison Sage-Grouse Listed as an Endangered Species

In the first salvo of a larger environmental-industry showdown impacting Western shale development, the U.S. Fish and Wildlife Service announced Wednesday (Nov. 12, 2014) that the Gunnison Sage Grouse would be granted...more

HUD issues FY2014 and FY2015 Choice Neighborhoods Implementation Grant NOFA

HUD has made $76 million available for communities with HUD-assisted housing through its latest Notice of Funding Availability. Issued last week, the Choice Neighborhoods NOFA will provide funding for four Choice...more

Enhanced Infrastructure Financing Districts (SB 628, Beall) - A New Power Tool for Growth in California

Gov. Jerry Brown signed SB 628 on Sept. 29, 2014, ushering in a long-promised heir to redevelopment agencies. The enrolled statute is now available online and offers much promise for kick-starting dormant projects and land...more

Governor Brown Signs into Law AB 229 and SB 628, Giving New Life to Tax Increment Financing

In late September, Governor Brown signed into law AB 229 and SB 628, which are intended to finance public capital facilities or other specified projects of communitywide significance previously financed by redevelopment...more

World Bank Publishes New Findings on Doing Business in Africa

The World Bank has recently released the 2015 edition of its annual Doing Business report. This publication is significant for businesses considering expansion in Africa because it signals which countries may be poised to...more

SEC Charges City Mayor as a Control Person in Allen Park, Michigan, Enforcement Action

Thursday, the Securities and Exchange Commission (SEC) announced fraud charges against the City of Allen Park, Michigan (City), and two of its former officials—the former City Mayor and former City Administrator. It is the...more

Going Multijurisdictional - Laying the groundwork for shared business parks

It is a basic, universally accepted fact that in order for an area to win new recruitment projects—and in some cases retain expansions of an existing company facility that will be on a site other than its current...more

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