SHEDC is pleased to be able to share the following documents with you. If you have any specific questions, or want to learn more about the following subjects, please contact us.
Limited Litigation Risk Exposure in NC
Because of rare litigation outcomes which get a lot of publicity, such as McDonald’s being liable due to a customer spilling coffee that was too hot on herself, companies in other countries think that having a facility in the US will expose the company to unacceptable litigation risks. In most states, this is simply not the case. Sanford Holshouser Economic Development Consulting founding partner Ernie Pearson, who is also a member of the Maynard Nexsen law firm, prepared a paper explaining the reality of limited litigation risks in the US and how to limit those risks further. This can be useful when working with a company which is considering a foreign direct investment in the U.S. Read more by clicking on the view button below
Information Technology Growth Strategy
Many local economic development organizations cannot just wait for the next project to present itself or depend solely on traditional business recruitment approaches. Quite often these economic development leaders have to think “outside of the box”. A promising approach for many is to develop a strategy to recruit and entrepreneurially grow a new high tech sector such as the information technology industry. SHEDC can be of assistance in evaluating a local or regional economic development organization’s potential for success in pursuing such a strategy. Attached is a paper written by SHEDC partner Ernie Pearson entitled “Entrepreneurial Growth and Recruitment Strategy: An Economic Development Formula for Success”, which contains further thoughts on this concept.
Incentive Support for Retail/Commercial Projects
Can local government incentives be used to support or induce the location of a retail, commercial or mixed use development in a local government’s area? Some local government lawyers might say no. But SHEDC partner, Ernie Pearson, who is also a partner in the law firm of Nexsen Pruet, does think that this use of incentives is within the discretion of a local government board. SHEDC in conjunction with an economist who is a strategic ally of that group can provide a thorough economic impact analysis to show a high return on investment for this use of incentives. The paper linked below entitled “Incentive Support for Retail Projects: Yes or No?” provides further input on this subject.
Multi-Jurisdictional Industrial Parks
In a number of projects, two or more local governments have joined together to share the costs of developing high quality, impactful industrial parks. These projects are present in a number of areas in North Carolina. Available for download is a paper written by SHEDC partner Ernie Pearson, who is also a partner in the Nexsen Pruet law firm, which outlines the legal basis in North Carolina for two or more local governments to undertake this type of development. SHEDC can also provide services to identify and evaluate sites for these projects and to certify these properties. The paper linked below entitled “Legal Authority for Multi-Jurisdictional Industrial Park Projects” has more detailed guidance on this subject.
Shelter In Place Orders/Continued Operations
With some local governments having already adopted shelter in place orders, and some states considering them, what impacts will this have on continued operations for manufacturing, distribution, and other facilities whose employees cannot work from home. Click on the link below to connect to updates on this critical matter. Further updates will be provided from time to time.