News & Analysis as of

Economic Development Construction Project

Greenbaum, Rowe, Smith & Davis LLP

Garden State C-PACE Program Update: EDA Issues Updated Program Guidelines and Draft Supplemental Guidelines

On May 29, 2024, the New Jersey Economic Development Authority (EDA) posted updated program guidelines along with draft supplemental guidelines for the Garden State Commercial Property Assessed Clean Energy (C-PACE) program. ...more

Akerman LLP

New York’s 421-a (16) Program Extension

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To address the ongoing need for affordable housing in New York, Governor Hochul and the state legislature have passed additional incentives to spur affordable housing development....more

Stevens & Lee

Supreme Court of Pennsylvania Boosts Tax-exempt Bond Financing and Economic Development in the Commonwealth

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On Feb. 21, the Supreme Court of Pennsylvania issued its long-awaited tax-exempt bond financing decision, Ursinus College v. Prevailing Wage Appeals Board (No. 18 MAP 2023). Its opinion is a major victory for Pennsylvania...more

Bricker Graydon LLP

IRS (Incentive Review Season) Filing Period Now Open in Ohio - Submit Your Incentive Project Reports by March 31, 2024 to Remain...

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The annual ‘IRS’ filing period is in full swing in Ohio--not only for federal income tax, but also for Ohio’s real property tax incentive programs. Yes, it’s Incentive Review Season for Ohio’s political subdivisions...more

Holland & Knight LLP

Project Labor Agreement Requirement for Large-Scale Construction Becomes Effective Jan. 22

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As enacted by the Biden Administration in February 2022, Executive Order (EO) 140631 and its implementing final rule2 require that all awardees of federal construction contracts for which the total estimated cost of the...more

McNees Wallace & Nurick LLC

Municipalities Help to Breathe New Life into Vacant or Underutilized Shopping Mall Sites

In recent months, several media outlets have reported on potential redevelopment concepts and initiatives for the Colonial Park Mall site in Lower Paxton Township and the Harrisburg Mall site in Swatara Township, both located...more

Burr & Forman

Georgia Appellate Court Overturns Lower Court's Denial of Bond Incentives for Rivian Investment

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On April 28, 2023, the Georgia Court of Appeals reversed the ruling of the Morgan County Superior Court and approved $15 billion in bonds for Project Tera, a 2,000-acre Rivian Horizon LLC (“Rivian”) electric truck plant...more

Saul Ewing LLP

Delaware Moves Forward With Legislation to Reduce the Time Associated With Obtaining Approvals for Development Projects

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​After a significant amount of delay, House Bills 102 and 104, part of the package of bills referred to as "Ready in 6" were passed by the Delaware General Assembly and signed by the Governor. These bills make modifications...more

Quarles & Brady LLP

Combating Misperception: Arizona Is Not Out Of Water; Construction Has Not Been Suspended

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Contrary to the catastrophic picture painted by news sources around the country, Arizona is not out of water, construction has not been suspended, and a construction moratorium has not been issued by the Governor. The real...more

Akerman LLP

Pre-Applications for NYC's New M-CORE Program Available on June 8, 2023

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The New York City Economic Development Corporation (NYCEDC) and the New York City Industrial Development Agency (IDA) created the New Manhattan Commercial Revitalization (M-CORE) Program with the goal of supporting...more

Coblentz Patch Duffy & Bass

What We’re Reading, Watching, and Listening to: June 2023

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - The Luxury Shopping Oasis Emerging in San Francisco’s Struggling Downtown (Wall Street Journal): Although local foot traffic may be down,...more

Schwabe, Williamson & Wyatt PC

Buy Indian Act Revised to Better Comply with Biden’s Racial Equity Order

Effective May 9, 2022, Native tribes, workers, and businesses may face fewer hurdles when competing for federal construction projects due to several revisions the Department of the Interior has published to its Department of...more

Bilzin Sumberg

Rapid Transit Zones: Essential to the Future of Miami-Dade County’s Development

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At this year’s virtual conference, Land Development & Government Relations partners Anthony De Yurre and Stanley B. Price hosted a fireside chat and discussed the history of Rapid Transit Zones in Miami-Dade County, the...more

Bricker Graydon LLP

[Webinar] Developing Property for Economic Growth - September 9th, 9:00 am - 11:00 am EST

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Bricker & Eckler attorneys, with special guest Thomas Winston, President & CEO, Toledo-Lucas County Port Authority, invite you to attend a virtual presentation that will walk you through the process of developing public or...more

Morgan Lewis

IRS Provides COVID-19 Pandemic Relief for Qualified Opportunity Zone Investments

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With the issuance of Notice 2020-39 (the Notice), the Internal Revenue Service (IRS) has provided relief for Qualified Opportunity Zone Funds (QOFs) and for investors in QOFs. While the relief provided in the Notice does not...more

Nossaman LLP

Trump Executive Order: Environmental Streamlining or Political Quagmire?

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On June 4, 2020, President Trump signed an executive order to provide federal agencies the foundation to speed up environmental permitting in the wake of COVID-19. ...more

Polsinelli

Opportunity Zone Deadlines Extended By Covid-19 Disaster Declarations

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INTRODUCTION - The COVID-19 pandemic has led Governors of many states to request that their states be declared federal disaster areas. As of this writing, President Trump has declared numerous states to be federal disaster...more

Bricker Graydon LLP

Ohio returns to funding spec-based commercial & industrial development

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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

Seyfarth Shaw LLP

Final Regulations Clarify and Liberalize Many Rules Governing Qualified Opportunity Fund Formation and Operations

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Seyfarth Synopsis: On December 19, 2019, the U.S. Treasury issued final Qualified Opportunity Zone regulations (the “Final QOZ Regulations”). Subject to the commentary in the Preamble to the Final QOZ Regulations on circular...more

Lowndes

The Risks Of Unnecessary Fla. Property Improvement Notices

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There’s no doubt about it, the U.S. real estate market is strong. With low interest rates and low unemployment rates, it is not surprising that the National Association of Realtors included parts of Florida among the top 10...more

Lowndes

Considering Making A Qualified Opportunity Zone Investment?

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Qualified Opportunity Zones are a hot topic in the tax and business world, and are an opportunity that span into almost any business market including senior living. I get questions about them daily. If you are considering...more

Harris Beach PLLC

Top Performers Announced in State's Consolidated Funding Awards Program

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The Finger Lakes, Central, Mohawk Valley, Capital, Mid-Hudson and New York City regions are the five "top performers" announced this week as part of the 2018 Regional Economic Development Council Round VIII Consolidated...more

Bricker Graydon LLP

Ohio Communities Accelerator Fund closes $7.5M transaction for sports complex

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The Warren County Port Authority (WCPA)’s newly created Ohio Communities Accelerator Fund (OCAF) recently closed on its “first bond fund transaction,” a $7.5-million transaction for the Warren County Convention and Visitors...more

Jones Day

Republic of Guinea Passes Public–Private Partnership Law to Lure Investors

Jones Day on

Guinea's Urgent Need for Critical Infrastructures - Guinea is a geological goldmine, quite literally, when one considers the high concentration of natural resources in its soil (including diamonds, gold, iron, bauxite,...more

The Volkov Law Group

Global Construction and Corruption

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With increasing focus on infrastructure projects and greater public demand for improvements, governments are preparing to ramp up construction projects. Part of the budgeting process has to acknowledge the cost of corruption....more

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