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Development Incentives

As city leaders try to reduce carbon emissions and conserve water amid a 20-year drought, a proposed tax break for a new, water-intensive data center is drawing scrutiny.
The record-breaking 2023-24 investment in small diverse businesses and veteran businesses increased by $129 million from the year prior.
The average West Loop lease for a Class A building before COVID-19 was 30,000 square feet. For 2023 and 2024, the average is just 18,000. Companies are also looking for newer buildings with top-end amenities.
The state’s largest law enforcement organization found that police staffing in the state is at a 30-year low and is especially bad in rural counties.
Data centers are popping up across the state as they get hundreds of millions in state and local tax breaks each year. But some experts worry that the facilities may soon overburden the available power supply.
Some locals of Stone Harbor, a wealthy Jersey Shore community in Cape May County, N.J., worry that the town’s parking app, ParkMobile, doesn’t always work and, as a result, is discouraging travelers from stopping.
Under a new mandate, city workers returned to the office full time last week. However, about a dozen workers described the chaotic transition that included animal droppings, missing desks and ongoing construction.
Audits in a number of states have found that tax incentive programs for film and TV end up as money losers. Although some states are considering capping their programs, more are expanding theirs.
The top 10 percent of drivers in the U.S. consume more than a third of the gasoline. Some lawmakers hope targeting them with EV incentives will help reduce emissions more quickly.
Workforce shortages are affecting many areas of government, but public finance is particularly hard hit. Shortages of accountants are a severe problem, with too few candidates replacing aging employees.
Struggling downtowns can embrace a new role as knowledge centers of a changed economy.
A national stock exchange headquartered in downtown Dallas could drive more company relocations and jobs to the city and state. But many still wonder if it can compete against established exchanges.
A new report shows foot traffic in downtown Philadelphia has reached 85 percent of pre-pandemic levels. Office occupancy is still down, but local leaders say it’s time to think differently about the future of downtown.
State officials are offering up to $400 in gift cards to drivers who are willing to try out a new system aimed at replacing the gas tax with funding based on the number of miles a person drives.
Gov. Josh Shapiro signed an executive order on Monday that pioneers several initiatives to attract public service workers. Approximately 18,000 state employees will become eligible to retire in the next five years.
The site is expected to generate approximately 1,000 construction jobs immediately and 1,400 jobs once the center is finished. The center will be Google’s first in Missouri.