Job Creation

News & Analysis as of

House Bill 58, Alabama Jobs Act, Gives State Jobs Tax Credit and Capital Investment Credit

HB58, one of five bills that constitute what has been described as the most significant overhaul of Alabama economic development since Mercedes-Benz came to the state, became law on Friday, April 3 (effective July 2). The...more

Missouri Passes Data Center Incentive Legislation

Missouri recently joined the growing number of states that have created incentives for the construction or expansion of data center facilities. The new law, signed on April 9, 2015, provides exemptions from various state and...more

Energy & Environment Update - April 2015

In This Issue: - Energy and Climate - Congress - Administration - Department of Energy - Department of Interior - Department of Justice - Department of State -...more

From Handshake to Ribbon Cutting: Lessons in Implementing Economic Development Incentives that Avoid Clawbacks

Once an incentive agreement is in place, it is time for the company to get to work building and staffing the new or expanded facility. While the economics of a deal are typically still on track, the initial buildout/expansion...more

Italy’s Jobs Act Creates Significant Labor Reforms

On February 20, 2015, Italy approved significant but controversial reforms to Article 18 of Italy’s Workers’ Statute of 1970 in an attempt to combat soaring unemployment, currently 42% among workers under the age of 29 and...more

Manufacturing on the Rise in Florida

When one thinks of business in Florida, most think of tourism—amusement parks, fishing, golf, and beaches—or Florida’s world-famous citrus agriculture—oranges, grapefruits, and strawberries. Perhaps Florida’s best kept...more

Broad-Based Expansion for the Construction Industry Expected in 2015 - Construction Practice Newsletter

According to USA Today, construction hiring is surging and is at a nine-year high. And if you look around, the evidence of that seems to be in abundance, as billboards advertising idyllic residential communities seem to be...more

Relief from the BEIP Freeze?

Unexpected relief may be coming for companies that are owed millions in unpaid incentive grants from New Jersey. The Business Employment Incentive Program (known as BEIP) provided companies with grants of up to 80% of...more

Proposed Changes to the Ohio Job Creation Tax Credit and Job Retention Tax Credit

In February 2015, the Ohio General Assembly introduced House Bill 64 (“H.B. 64”), which is the biennial operating budget bill for the biennium beginning July 1, 2015. H.B. 64 includes significant proposed changes to the Ohio...more

Clean Jobs Coalition Calls For Updated Renewable Energy Laws In Illinois

On February 4, 2015, the newly formed Illinois Clean Jobs Coalition and Chicago Mayor Rahm Emanuel called for an update of the renewable portfolio standard (RPS) that was put into place in 2007. ...more

Renewable Energy Update - January 2015 #2

Renewable Energy Focus - California Governor Brown calls for 50 percent renewables by 2030 - Greentech Media - Jan 5: California Governor Jerry Brown has upped the ante on the state’s green energy goals, calling...more

Renewable Energy Update - January 2015

Renewable Energy Focus: Solar sector created more jobs in 2014 than oil and gas extraction industry - The solar industry added jobs at a rate nearly 20 times faster than the national average last year, according...more

American Firms Celebrated on National Manufacturing Day

President Obama declared October 3, 2014 National Manufacturing Day, calling upon the nation to "celebrate all those who proudly stand behind our goods and services made in America" and affirming America's "commitment to...more

The Alphabet Soup of Economic Development

Do you ever read a news story about a new company locating to North Carolina and find yourself lost in all the acronyms? Do phrases like 3J, JDIG, JMAC and IDF make you wish you had an FAQ? Well here’s an FYI to help clear...more

Banks and the EB-5 Program: Look Before You Leap

Many Washington banks have been asked to serve either as lender for an EB-5 project or as escrow holder to receive EB-5 customer deposits. While the benefits of serving in such roles, especially for a large real estate...more

HUD announces $24 million available to PHAs for Jobs Plus Pilot

This week, HUD published a Jobs Plus Pilot NOFA for distribution of approximately $24 million to public housing agencies (PHAs) for a new Jobs Plus Pilot program. The pilot, a successor to a program by the same name that was...more

Joint Committee’s Report on Energy Tax Incentives Misses the Mark on Green Jobs

The Joint Committee on Taxation (JCT) on September 16 published a report analyzing federal energy tax incentives. The report is available below. The report is generally insightful; however, it has a misguided job-creation...more

House Passes Bill H.R. 5405 “Promoting Job Creation and Reducing Small Business Burdens Act”

On September 16, the House of Representatives passed H.R. 5405 “Promoting Job Creation and Reducing Small Business Burdens Act.” The bill addresses a number of Jumpstart Our Business Startups Act (JOBS Act)-related matters,...more

Corporate and Financial Weekly Digest - Volume IX, Issue 38

In this issue: - SEC Releases Strategic Plan for 2014–2018 - House Passes Bill H.R. 5405 “Promoting Job Creation and Reducing Small Business Burdens Act” - FINRA Board Approves Several Rulemaking Items...more

New “Job Creation Project” EDIP Credits to Boost Tech Jobs in Massachusetts

In the battle for tech jobs, Massachusetts has added a significant new element to its arsenal of incentives in the form of “job creation project” Economic Development Incentive Program (EDIP) credits. EDIP is a tax incentive...more

After SoundCloud & Wunderlist: How Berlin plans to grow its startup scene [Video]

Sept. 12, 2014 -- Stefan Franzke, Berlin Partner for Business and Technology, talks about his organization and how it helps startups operate in Berlin at the Transatlantic Entrepreneur Partnership Conference in New York City....more

GO-Biz Announces $150 Million in Tax Credits Available for FY 2014-15

The Governor’s Office of Business and Economic Development (GO-Biz), serves as California’s single point-of-contact for economic development and job creation efforts, and administers the California Competes Tax Credit...more

Colorado Construction Monitor - Summer 2014

In this Issue: - Denver’s construction activity approaching historic peak of 2007 - Market Update - Condominium Construction Defects Legislation Introduced - Whether for Cause or Convenience,...more

Ill-equipped or Ill-researched? A letter to the editor of Fortune Magazine

There’s an irony in Fortune Magazine’s July 24, 2014, article “The dark, disturbing world of the visa-for-sale program.” The article accuses foreign EB-5 investors of being “ill-equipped (or disinclined) to assess the...more

Polsinelli Podcasts - The Explosion of Tax Credits in 2014 [Video]

Recently, The Wall Street Journal reported on how states are offering businesses tax credits in an effort to spur economic growth and create jobs. That's due to the fact that federal tax credits expired at the end of last...more

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