economic incentive
States sweeten their offers to chipmakers to outdo one other
HILLSBORO, Ore. — “Oregon’s been at this for decades,” the governor’s office assures potential investors in its so-called Silicon Forest. The Lone Star State’s governor calls it a “race that Texas must win for our state, our workforce, our national security, and our future.” And New York’s governor boasts on the state’s YouTube channel that […]
Alabama’s new transparency law is a step in the right direction, but more needs to be done
Following years of pressure by good government advocates, the Alabama Legislature just passed a bill to create better transparency around the state’s use of economic development incentives. This a major victory for those concerned about government transparency and accountability. The recently enacted Transparency in Incentives Act requires the state Department of Commerce to disclose online […]
What passed in the Alabama Legislature: April 18-20, 2023
Here’s a round-up of what passed in the Alabama Legislature this week. Senate HB98, sponsored by Rep. Troy Stubbs, R-Wetumpka, increases lodging taxes in municipalities in Elmore County to 15.5% following a 2020 vote in the county. The bill passed 31 to 0 and moves to Gov. Kay Ivey. HB99, sponsored by Rep. Reed Ingram, […]
Alabama Legislature gives final approval to economic incentives package
The Alabama Legislature Thursday gave final approval to a package of economic incentive bills, but not before criticism from the chair of the Senate’s education budget committee. The economic incentives, called “The Game Plan,” renew and expand existing incentives; provide funding to develop industrial sites and provide new reporting requirements on the bill. The package […]
Economic development package clears first hurdles in Alabama Legislature
The Alabama Legislature approved several bills Thursday aimed at expanding existing incentives, providing money for industrial site development and expanding the availability of data on incentives. The House approved four bills in the package, which has the backing of Gov. Kay Ivey and Democratic and Republican legislative leaders. The Senate approved two. The bills move […]
Alabama House committee approves economic incentive package
Four bills packaged as an economic incentives for the state passed the House Ways and Means Education committee on voice votes Wednesday. The bills would expand existing incentives, provide money to develop industrial sites and address reporting requirements for incentives. “Certainly, things have changed. Our economy has changed. Other states are doing these changes – […]