Tag: Tax Incentives

Delocation 2.0: Covid-19 drives more Businesses South

Since 2011, one million people have left the areas of New York, New Jersey, Pennsylvania, and Connecticut for other states. Bloomberg estimates that 277 people were leaving New York City every day prior to Covid-19. These departures are largely due to The Big Apple’s notoriously expensive real estate and taxes, both for individuals and for… Read more »

St. Pete Rocks the Headquarters Relocation Business

Business Observer Florida By: Mark Gordon May 3, 2019 The sun shines bright on St. Petersburg in the race to win headquarters relocations. Says one official: ‘We are just getting started.’ Christmas came early to St. Petersburg economic development officials in 2014, when, on Dec. 10, New York City-based outsourcing and logistics company iQor announced… Read more »

Workforce Resource Map 2.0 Supports Local Employers

ST. PETERSBURG, Fla.–(April 16, 2019)— The Greater St. Petersburg Area Economic Development Corporation (EDC) released the 2.0 version of its digital workforce platform, Workforce Resource Map with significant enhancements to better meet the needs of growing businesses in St. Petersburg. The platform, created in partnership with CareerEdge in December 2018, showcases a comprehensive listing of workforce-related… Read more »

Opportunity Zones: The Benefits in St. Pete

Opportunity Zones, Opportunity Funds, St Pete, FL

Signed into law in late 2017, the Tax Cuts and Jobs Act of 2017 serves to incentivize investment in distressed communities by allowing the re-investment of assets, otherwise subject to a taxable gain, in a Qualified Opportunity Zone. Qualified Opportunity Zones are low income communities nominated by the governor of each U.S. state where reinvigoration… Read more »