FEATURE
Data Reveals Big-Business Dominates Job Subsidies
February 25, 2014 | Good Jobs First
Three-quarters of all the economic development dollars awarded and disclosed by state and local governments throughout the United States have gone to just 965 large corporations. Some of these big recipients, such as Boeing are well known for aggressively seeking tax breaks by pitting states against each other for jobs. Warren Buffett's Berkshire Hathaway, for example, has received 310 subsidy awards totaling $1.06 billion to subsidiaries with names such as Geico. These are the key findings in Subsidizing the Corporate One Percent, published last week by Good Jobs First brought to light by an extensive enhancement of GJF's Subsidy Tracker database.
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Substantial Tax Breaks Convince United Technologies to Stay in Connecticut
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Crowdfunding Rule Comments Under SEC Review
February 28, 2014 | Venture Capital Dispatch
Crowdfunding rules that would let ordinary investors back startups are moving closer to adoption by the Securities and Exchange Commission. Agency staff are just starting their review of comments on a nearly 600-page proposal issued in October to implement a mandate in the 2012 Jumpstart Our Business Startups Act. Comments were due Feb. 3. SEC Chairman Mary Jo White has said that completing the rules are a priority this year.
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Related:
SEC Urged to Scale Back 'Crowdfunding' Rules
An Evolution in Business Incubators and Accelerators
March 3, 2014 | Washington Post
In the Washington region and across the country, the number of government-backed business incubators and accelerators has grown as public officials look for ways to support entrepreneurs, spur innovation and bolster their local economies. The two most commonly used models have some fundamental differences. Accelerators, for one, take applications from early-stage companies. Incubators, on the other hand, have traditionally offered low-rent work space to entrepreneurs.
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Look Up: Commercial Drone Market About to Take Off
March 2, 2014 | San Jose Mercury News
The skies over America are about to get a lot more crowded. As the Federal Aviation Administration prepares new guidelines for the use of unmanned aerial vehicles, or UAVs, an entire industry-in-the-making is champing at the bit to start using drones for commercial ventures, from selling real estate to dusting crops to baby-sitting oil rigs. "This market's going to be huge," said Ken Loo, a Sunnyvale mechanical engineer who used a 3-D printer to create his own UAV and hopes to one day become a drone consultant.
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