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Economic Development State Budgets

McGuireWoods Consulting

North Carolina Politics in the News - June 2024 #3

ECONOMIC DEVELOPMENT - ABC 11: NC’s Rural Infrastructure Authority approved 20 grant requests, totaling to over $8M Over 800 new jobs are coming to rural communities across North Carolina. The state’s Rural Infrastructure...more

Manatt, Phelps & Phillips, LLP

Executive Summary: New York State Fiscal Year 2024-2025 Budget

On January 16, New York Governor Kathy Hochul released her State Fiscal Year (SFY) 2024-25 Executive Budget, her third since assuming office in August 2021. Addresses by Governor Hochul and Budget Director Blake Washington...more

Bricker Graydon LLP

All Ohio Future Fund Details Begin to be Defined

Bricker Graydon LLP on

Eagerly anticipated details on the All Ohio Future Fund (Fund) are beginning to come to light. Ohio’s Office of Budget and Management (OBM) has scheduled a hearing December 11th on proposed rules for the Fund, which underwent...more

Bricker Graydon LLP

Mapping a Pathway to Successfully Access New All Ohio Future Fund Opportunities

Bricker Graydon LLP on

The Ohio General Assembly, in its budget bill (HB33) approved July 3, 2023, tabbed $707 million in state budget resources to the All Ohio Future Fund (R.C. 126.62). (This amount includes $40 million appropriated in state...more

McGuireWoods Consulting

NC Politics in the News - October 2023

Economic Development - YES WEEKLY: Mayor Joines and Rep. Donny Lambeth Announce $35 Million State Appropriation to Support Economic Development in Winston-Salem - Mayor Allen Joines and Rep. Donny Lambeth announced...more

Maynard Nexsen

2023 South Carolina Legislative Session Recap

Maynard Nexsen on

2023 South Carolina Legislative Session Recap - The 2023 South Carolina Legislature adjourned Sine Die in June, ending the first year of a two-year session. Several important legislative initiatives were adopted that made...more

Akerman LLP

Extension of Incentive Programs in New York State’s 2024 Budget

Akerman LLP on

On May 1, 2023, the New York State Legislature voted to adopt the Fiscal Year 2024 budget which included the renewal and extension of the sunset date of five programs that abate real estate taxes, reduce commercial rent tax,...more

McGuireWoods Consulting

NC Politics in the News - April 2023

Economic Development - BUSINESS NORTH CAROLINA: Kelly King-led effort seeks $50M in state funding to launch innovation effort - North Carolina lawmakers and Gov. Roy Cooper have proposed that the state give $50 million...more

Benesch

Governor's Budget Outlines Major Policy Plans for Ohio's Future

Benesch on

In his most recent annual State of the State address, Governor Mike DeWine focused on children and families by calling on the Legislature to pass tax breaks while increasing spending on economic development and social...more

McGuireWoods Consulting

Highlights From Governor Newsom’s Budget Proposal 2023-24

California Gov. Gavin Newsom recently released his proposed state budget for Fiscal Year 2023-2024, which will soon kick off a months-long deliberation process in the state legislature. The proposed budget is $297 billion...more

Haynsworth Sinkler Boyd, P.A.

HSB Economic Development Update - June 2022

The HSB Economic Development team published their June 2022 news update, highlighting the following topics: Big Changes to South Carolina Property Taxes and Incentives- The big political news in South Carolina this June...more

Ward and Smith, P.A.

NCGA 2021 Long Session Update

Ward and Smith, P.A. on

Since convening in January, the North Carolina General Assembly's Long Session has been marked by lengthy state budget negotiations, starts and stops, and several historic pieces of proposed legislation.  American Rescue...more

Bricker Graydon LLP

H.B. 110 FY 2022-2023 biennium budget overview and review of first half of 2021

Bricker Graydon LLP on

The Ohio General Assembly recently completed an exhaustive and comprehensive first half of 2021. The legislature tackled the state’s two-year operating budget, COVID-19 relief funding, residential broadband expansion, reforms...more

Benesch

Governor DeWine Signs Two-Year State Budget

Benesch on

Last week, Governor Mike DeWine signed the $74 billion state operating budget, which builds on the Governor’s vision for the future. The two-year spending bill (HB 110), includes nearly $162 billion in all funds...more

Bricker Graydon LLP

Ohio Senate Committee chefs baking economic development morsels into their version of the state budget bill

Bricker Graydon LLP on

On June 1, 2021, the Ohio Senate Finance Committee released its version of the state’s biennial operating budget (HB 110), which must be signed into law by June 30, 2021. As often happens, there are millions of dollars in...more

Downs Rachlin Martin PLLC

2021 Final Vermont Legislative Update - May 2021

Business - The unemployment bill formerly known as S.10 – Business owners had their most challenging year in memory. Many hoped that the legislature, knowing this, would have sought to offset their challenges....more

Manatt, Phelps & Phillips, LLP

Governor Newsom Unveils Historic Spending Plan for Recovery, Rebuilding, Renewal and Resilience

New Budget Based on Record Revenue Growth - Relying on a “once in a lifetime” surge of $65 billion or more in state revenues and an estimated $25 billion in new federal COVID-19 relief funds, Governor Gavin Newsom is...more

Downs Rachlin Martin PLLC

Vermont Legislative Update Week 16 | Government and Public Affairs

Senate passes budget - On Friday, the Senate gave final approval to the $7.17 billion FY 2022 budget, H.439. Senate Appropriations Chair Jane Kitchel, D-Caledonia, called it “as complicated a budget as I’ve ever had to put...more

Downs Rachlin Martin PLLC

Vermont Legislative Update Week 14 | Government and Public Affairs

Governor proposes $90 million for state capital investment - Department of Economic Development Commissioner Joan Goldstein presented Governor Scott's Capital Investment Grant Proposal to the Senate Economic Development...more

Cozen O'Connor

The American Rescue Plan’s Impact on New York State and City Government, Businesses, and Nonprofits

Cozen O'Connor on

On March 11, 2021, President Joe Biden signed the American Rescue Plan (ARP) into law. This historic $1.9 trillion COVID relief plan will have a major impact on the country by providing relief to businesses, nonprofit...more

Downs Rachlin Martin PLLC

Vermont Legislative Update Week 8 | Government and Public Affairs

Childcare bill becoming a heavy lift - The House Committee on Human Services is working through H.171, a bill that would create a comprehensive child care system governed and subsidized by the state. The system would take...more

Brooks Pierce

North Carolina Legislators Consider Spending And Policy Bills

Brooks Pierce on

The North Carolina General Assembly left Raleigh on June 26 after acting on several spending and policy bills. This Session was in addition to one held in late April that focused on COVID-19 Relief. Much of the recently...more

Downs Rachlin Martin PLLC

Vermont Health Care Update 01-27-20 - An analysis from DRM's Health Law Team

Governor delivers budget address - Gov. Phil Scott delivered his budget address on Tuesday, focusing on the demographic crisis and a shrinking workforce as the state’s biggest challenges....more

Harris Beach PLLC

State of the State 2020: Governor Cuomo's Ambitious Plans for New York

Harris Beach PLLC on

In his 2020 State of the State Address on January 8, Governor Andrew Cuomo outlined a “robust agenda” that ranged from investing heavily to combat climate change by developing New York state’s Green Economy to creating a...more

Bradley Arant Boult Cummings LLP

Business Council of Alabama and Birmingham Business Alliance Announce Their 2020 Tax/Economic Development Legislative Agendas -...

The influential Business Council of Alabama (BCA), founded in 1985, and the Birmingham Business Alliance (BBA), the state’s oldest and largest chamber of commerce, have each officially approved their 2020 legislative agendas....more

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