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Financial Resiliency and Future Plans

February 26, 2019

What could make the difference between a water or wastewater utility making it through an event like Hurricane Florence with relatively few impacts, and one that has major, lasting problems? Imagine two North Carolina utilities, just over the county line from one another, with the same assets that a … Continued

Student Corner: Update on the Community Reinvestment Act

February 14, 2019

The Community Reinvestment Act (CRA) was enacted in 1977 and charged federal bank regulators with the task of monitoring the banking industry’s lending practices and community development investments in low- and moderate-income communities. The CRA was created to address banking industry practices k … Continued

Student Corner: A Review of SBIR Grant Funding in North Carolina

January 24, 2019

Begun in 1982, the Small Business and Innovation Research (SBIR) grant program provides funding to small businesses throughout the country. The purpose of the program is to leverage the innovation capacity of small businesses and encourage the commercialization of private sector research and develop … Continued

Getting It Under Control: Acquiring Property for Redevelopment (Part 2)

January 3, 2019

In the previous post of this two-part series, we discussed how a purchase agreement with an extended due diligence period could be used to obtain site control of properties with redevelopment potential. We also discussed the specific negotiable terms of assignability, due diligence, earnest money, a … Continued

Student Corner: DOT BUILD Grants Replace TIGER Grants

December 19, 2018

In April 2018, the U.S. Department of Transportation (DOT) officially rebranded their Transportation Investment Generating Economic Recovery (TIGER) grant program to Better Utilizing Investments to Leverage Development (BUILD). Begun in 2009, the TIGER program has provided transportation improvement … Continued

Student Corner: The Changing Dynamics of USDA’s Section 515 Program

December 14, 2018

The United States Department of Agriculture (USDA) is the federal department primarily responsible for setting national food, farm, and nutrition policies across the country.  In addition to management of national food systems, the USDA has played an important role in rural economic development. Man … Continued

Getting It Under Control: Acquiring Property for Redevelopment (Part 1)

November 27, 2018

Local governments in North Carolina that seek to shape or spur downtown development must often gain site control of properties that have strong redevelopment potential. Frequently, a site with strong potential is privately owned, and a savvy local government will first need to obtain site control be … Continued

Federal Opportunity Zones: What Local Governments Need to Know

September 21, 2018

Opportunity Zones are the latest effort by the federal government to encourage investment in low-income census tracts. The Tax Cuts and Jobs Act, enacted at the end of 2017, grants significant tax benefits to investors who reinvest their capital gains in designated “Opportunity Zones.” The market po … Continued

Student Corner: Opportunity Zones at a Local Level

September 6, 2018

The Opportunity Zone (OZ) program was rolled out this year, creating a new community economic development tool. Prior posts on the CED blog have covered this topic — an overview of OZs can be found here and a discussion of North Carolina’s selection of zones here. This post will discuss how OZs rel … Continued

Student Corner: North Carolina’s Opportunity Zones Certified

July 5, 2018

The Opportunity Zone (OZ) program was created as a part of the federal Tax Cuts and Jobs Act of 2017.  An overview of the program previously posted on the CED blog can be found here. On May 18, 2018 the US Secretary of Treasury certified 252 census tracts in North Carolina as OZs.  The designation o … Continued