Job Creation

News & Analysis as of

Key Economic Incentives for Businesses Considering a Florida Location

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

Your daily dose of financial news The Brief – 5.9.16

Friday’s jobs report underwhelmed, but it shouldn’t necessarily put off a June rate hike by the Fed, says the Journal, especially given the news that wages climbed last month – WSJ... Fair Game got downright monarchical...more

Your daily dose of financial news The Brief – 5.6.16

And just as quickly as he was back on the scene, now he’s gone. With a wipe of the evidence purporting to show he invented Bitcoin and a new post entitled “I’m sorry,” Craig Steven Wright appears poised to fade back into the...more

July 11 Deadline to Convert Unpaid N.J. BEIP Grant to Tax Credits

Under New Jersey’s Business Employment Incentive Program, approved businesses that created jobs in New Jersey were awarded annual cash grants. Nearly 500 businesses were awarded grants valued at $1.6 billion. Unfortunately,...more

E2 Report Finds Clean Energy Employs 2.5 Million Americans

Last week Environmental Entrepreneurs (E2) released a report entitled “Clean Jobs America,” a comprehensive analysis of clean energy and clean transportation jobs in the United States. The study found that over 2.5 million...more

Your daily dose of financial news The Brief – 4.1.16

Well, can’t say we didn’t see this coming. Fresh off of shedding two more financial-related business units (and a day removed from the MetLife SIFI decision) GE has requested that federal regulators withdraw its own SIFI...more

South Carolina Economic Development Incentives: Job Development Credit

South Carolina offers many statutory and discretionary incentives to promote capital investment and job creation in our state. The Job Development Credit (“JDC”) is a discretionary credit, applied through and approved by the...more

Your daily dose of financial news The Brief – 3.7.16

The Federal Reserve is now tossing around a proposal that would “effectively place[] a cap on how much business banks can do with another bank or company”—the idea being to prevent the 2008-era mistake of Wall Street banks...more

Your daily dose of financial news The Brief – 3.4.16

It’s Jobs Report Friday. The Journal suggests that it may again be millennials’ time to shine (especially after scoring 421,000 jobs in January) – WSJ... And while we’re talking US jobs, a recent Federal Reserve working...more

2016 Ontario Budget: C$160-Billion Boost to Infrastructure Paves Way for Job Creation

On February 25, 2016, the Ontario government (Province) released its 2016 budget, titled “Jobs for Today and Tomorrow” (Budget). The Budget focuses on economic growth and job creation across Ontario. Investments in...more

Land Use Advisory: The Build Better LA Initiative—More Affordable Housing and Labor Agreements?

As you may have learned from the news, a coalition of labor and affordable housing advocates recently announced it may seek to place the “Build Better LA Initiative” (“labor initiative”) on the City of Los Angeles ballot in...more

Renewable Energy Update - February 2016 #2

Renewable Energy Focus - President Obama requests significant funding boost for clean energy R&D - Solar Industry Magazine - Feb 9 - President Barack Obama’s 2017 budget proposal for the U.S. Department of...more

The Failures and Future of the EB-5 Regional Center Program: Can it be Fixed?

Senate Committee on the Judiciary Hearing - The Senate Committee on the Judiciary (“Committee”) held a hearing on February 2nd regarding the future of the EB-5 Regional Center Program. The hearing was led by Senators...more

First Wall of Tanger Outlets Goes Up in Daytona Beach, Bringing 800 Retail Jobs and 90 Brand Name Stores

First Wall of Tanger Outlets Goes Up in Daytona Beach, Bringing 800 Retail Jobs and 90 Brand Name Stores - Hundreds of people gathered to watch the raising of the first Tanger Outlets wall in Daytona Beach during the sound...more

The Delaware Competes Act Signed Into Law

This week, Delaware Governor Jack Markell signed into law HB 235, otherwise known as the Delaware Competes Act of 2016. HB 235 was passed by the Delaware State House of Representatives on January 14, 2016 and the Delaware...more

Congress Extends EB-5 Again Without Changes Despite Months of Legislative Meetings, Lobbying, Proposals, and Negotiations

In what is considered a significant victory for real estate developers, Congress capped off months of handwringing and numerous proposals by extending the EB-5 Immigrant Investor Program without amendment until September 30,...more

Update: EB-5 Regional Center Program Receives Additional Short-Term Extension

On December 11, 2015, a stopgap continuing resolution was enacted to fund the federal government for an additional five days. Included in this funding legislation is a short-term extension through December 16, 2015 of the...more

Your daily dose of financial news The Brief – 12.4.15

Government-released US jobs report out today. General consensus is that no matter the numbers on job creation, the slow-to-rise wages and below-target inflation will make any Fed liftoff really gradual – WSJ and Bloomberg...more

Obama Administration Announces $100 million in TechHire Grants to Support IT, Cybersecurity, Broadband Sector Training

On November 17, 2015, the Department of Labor (DOL) and the White House issued a funding announcement releasing $100 million in grants as a part of the Obama Administration’s TechHire Initiative, which specifically calls out...more

Renewable Energy Update - November 2015 #3

Renewable Energy Focus - Federal and state officials restart desert renewable energy plan: SFGate - Nov 10: Federal and state officials said Tuesday they will allow solar, wind, and other renewable energy development on...more

EB-5 Legislative Update

Earlier this year, bipartisan legislation was introduced that would permanently authorize the EB-5 Immigrant Investor Pilot Program. Rather than pass the legislation, the U.S. House of Representatives passed a Continuing...more

Don’t End Up on a USCIS List of Terminated EB-5 Regional Centers: Be Creative and on Time with your I-924A Filing

USCIS updated its online list of terminated EB-5 regional centers on October 22, 2015. In the coming two months, regional centers are required to comply with the requirement to file their Forms I-924A in order to update USCIS...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

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

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

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