Area Development: New/Expanded Incentives for Sustainability-Related Investments
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The Inflation Reduction Act of 2022 (IRA), signed by President Biden on August 16, 2022, changed a wide range of tax laws, and includes some $369 billion in new and expanded incentives for energy efficiency, renewable and clean energy investments, fleet decarbonization, infrastructure improvements, and other sustainability-related investments. While many of the changes have gone into effect, the regulations and guidance are still unfolding.
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A recent U.S. Chamber of Commerce report shows that communities experience significant economic benefits from getting a new distribution center (DC) in their areas. Benefits from having a business build a new center include new jobs, increased incomes and substantial gains in local tax revenue, which can help to better...
If there’s one thing that has been consistent with our Shovel Awards from year to year, it’s the fact that nothing gets in the way of progress and good news. Even amid challenging times such as the COVID pandemic, lots of positive developments move forward. The uncertainty we all felt...
Top automakers including Tesla Inc., General Motors Co. and Ford Motor Co. are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies.
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