Housing and Development Incentives News
The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.
EDA Launches $25 Million Funding Round for Good Jobs Challenge
The Biden-Harris Administration, through the Economic Development Administration (EDA), is launching a new phase of the Good Jobs Challenge, investing $25 million in locally-led workforce training programs. This latest funding opportunity aims to support sectoral...
City Rankings: Federal Historic Tax Credit Awards in 2022
CivMetrics collects key tax incentive data for the largest cities in the United States. In this post, we look at new data on the Federal Historic Tax Credit. For questions about our data, or to request data, please contact [email protected]. Data is from the...
Hollywood Studios Threaten Boycott of Georgia Over Election Law; State Auditor Says It May Not Be A Bad Thing
Georgia has one of the most generous tax benefits in the nation for Hollywood studios filming in the state. Despite that, Hollywood studios are considering boycotting the state after it enacted restrictive voting laws earlier this year. But a 2020 analysis from the...
When States Turn a Critical Eye Toward Their Incentives, They Improve Effectiveness
Throughout 2020, state governments re-evaluated their economic development incentive programs, sometimes replacing them entirely. States who looked hard at their programs ended up improving their effectiveness at creating economic activity, according to Pew: Even as...
Politically Connected Firms Get Larger, More Frequent Incentives: New Study
New research shows that politically connected firms pull in larger incentives from U.S. state governments, and receive them more frequently. Firms that made campaign donations to state politicians were 400% more likely to receive an award, and the award was 63%...
FoxConn’s Incentives Gutted, State Contract Reworked After Failing to Deliver Jobs
Wisconsin has reworked its contract with Foxconn, slashing the firm's possible incentives from nearly $3 billion down to $80 million. From BizTimes: The renegotiated contract between Foxconn Technology Group and the state of Wisconsin offers the company up to $80...
SALT Deduction Cap Takes Center Stage in Infrastructure Talks
Whether to repeal the SALT cap has become the crux of negotiations between Democrats and Republicans trying to hash out an infrastructure package. CBS News with details: The state and local tax deduction cap — commonly known as SALT — was enacted as part of President...
New Mexico’s New Credits Are Luring Hollywood to Albuquerque
Netflix is spending billions on production facilities in New Mexico, after the state rolled out the red carpet for film and TV studios with a menu of credits and incentives. From Bloomberg: To bring Netflix to town, the city and state offered substantial incentives:...
Child Care At Center of Iowa’s New Incentives Package
One of the Iowa legislature's top priorities this session was addressing the "workforce issues" caused by the pandemic -- namely, the childcare conundrum faced by working parents whose children are no longer in-person at school. A new bill, approved by the Iowa House...
All the Cities That Pay Remote Workers To Move There
Moving is always a mammoth task, made worse by the pandemic. But there's a silver lining: the exodus from offices has prompted cities to offer incentives in a bid to attract remote workers. One website aggregates all the perks: MakeMyMove.com There are more credits in...
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