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NEWS & UPDATES

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MICHIGAN – NEW AND AMENDED DATA CENTER LEGISLATION

On January 9, 2025, Governor Gretchen Whitmer signed Michigan’s data center legislation into law, enacting changes to its existing data center sales & use tax exemption as well as creating a new program to try to attract large enterprise data centers. The State is in the process of finalizing the application guidelines and procedures for these data center incentives.
 

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MASS LEADS ACT BOOSTS MASSACHUSETTS' ECONOMIC LEADERSHIP

On November 20, 2024, Governor Healey signed the Mass Leads Act (H.5100), a comprehensive economic development bill authorizing nearly $4 billion in spending, including the introduction of new tax incentives. These new and enhanced incentives are intended to position Massachusetts as a leader in both established and emerging industries, such as life sciences, climatetech, and artificial intelligence.

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SIGNIFICANT CHANGES TO WISCONSIN'S BUSINESS DEVELOPMENT TAX CREDIT PROGRAM

The Wisconsin Economic Development Corporation (WEDC) has revamped the Business Development Tax Credit (BTC) Program to offer more flexibility for companies to respond to evolving market needs. These positive changes to the Program will allow more types of projects to qualify and apply to projects certified after January 1, 2024.

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FEDERAL ADVANCED ENERGY PROGRAM: GREENHOUSE GAS EMISSION REDUCTION PRIMER

Additional Guidance via Notice 2023-44 has been issued by the US Treasury detailing the application, review, and award process for an allocation of $10B in clean energy tax credits. This Alert summarizes the Greenhouse Gas (GHG) Emission Reduction Projects category. 

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FUNDING THE FUTURE: BIOFUEL TECHNOLOGIES

The Department of Energy may award funds to companies whose projects will help meet the current stated goal “to achieve cost-competitive biofuels and at least a 70% reduction in greenhouse gas emissions by 2030”

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RENEWED FEDERAL TAX CREDIT FOR ADVANCED ENERGY PROJECTS ALLOCATED $10B

The Advanced Energy Program under IRS Code 48(c) has been expanded as part of the Inflation Reduction Act to apply to a broad range of clean energy manufacturing activities. 

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NEW JERSEY APPROVES NEW JOB CREATION & RETENTION INCENTIVE

On January 7th, Governor Phil Murphy signed to law the New Jersey Economic Recovery Act of 2020, featuring $14 billion in new business incentives, including the “Emerge Program", which provides tax credits to businesses creating new jobs. 

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ATLAS INSIGHT CONTINUES TO EXPAND ITS SITE SELECTION AND INCENTIVE CONSULTING TEAM

Atlas Insight LLC, an industry leader in site selection and economic incentives identification and compliance, is pleased to announce that Brooke Attardi has joined the team as an Analyst.

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ECONOMIC INCENTIVE OPPORTUNITIES FOR EVOLVING SUPPLY CHAINS

Atlas Insight's Kathy Mussio and Ann Petersen write about COVID-19 and how manufacturers are rethinking their supply chains, creating opportunities for economic incentives.

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THE 2020 BEST & WORST STATES FOR BUSINESS

Atlas Insight's Brian Corde is quoted in Chief Economic Magazine. The pandemic cratered economic development for now, but it hasn’t changed CEOs’ opinions about three important things...

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ATLAS INSIGHT EXPANDS ITS SITE SELECTION & INCENTIVE CONSULTING TEAM

Atlas Insight LLC, an industry leader in site selection and economic incentives identification and compliance, is pleased to announce that Ann Petersen has joined the team as a Director. 

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SITE SELECTORS WEIGH IN ON THE FUTURE OF ECONOMIC DEVELOPMENT

Atlas Insight's Kathy Mussio shares thoughts as part of this 20 minute podcast featuring highlights from the Virtual Site Consultant Encounter event which Consultant Connect hosted in June, 2020.

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The State of State Incentives

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Will Incentive Funds Be There?

 

Incentives in the New Economy

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