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Local Governments Move In On Retail Vacancies

PYMNTS

Many municipalities are looking to help by proposing new uses for vacant retail sites, including a citywide initiative in Fairfax, Virginia called Activate Fairfax , where the Department of Economic Initiative is soliciting requests for interest in an abandoned Container Store location. Even smaller cities are opting for such taxes.

Retail 135
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Amazon Gains Juicy Incentives With New Headquarters Locations

PYMNTS

For Amazon , the encouragement includes $1.525 billion in performance-based direct incentives — part of the package that led to the eCommerce operator deciding to base one of its headquarters in Long Island City. Amazon has selected New York City and Northern Virginia as the homes for its second and third headquarters.

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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177
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Higher Learning, Hit By Payments Fraud

PYMNTS

The defendant, Kevin O’Donnell, faces 12 charges in total, stemming from his time as purchasing manager for the university’s housing division — operating apartment buildings, dining halls and residence halls on campus. Under the terms of the compliant, the charges range from theft to forgery to identity theft. The employee, Merlisha A.

Fraud 122
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How Diversified Revenue Streams Impact Ag Borrowers

Abrigo

“It’s important to know the long-term pros and cons, and the unintended consequences so that everyone walks away educated not only on what these opportunities bring, but also on what the impacts could be on the operation and long-term land values,” he says. Diversification through renewable energy. keep me informed.

Lending 195
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What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., billion refundable tax credit is reportedly based on the “percentage of salaries Amazon expects to pay employees over the next decade, or $48K per job for 25K jobs.”

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Wal-Mart Bank is flying under the radar.

Jeff For Banks

I''m writing this post sitting in my car while my 11 year old warms up for a soccer match in Richmond, Virginia. According to the bank employee that greeted me, Woodforest is Wal-Mart’s #1 retail partner, has 54 branches in Virginia Wal-Marts and over 600 nationwide. Yesterday, to kill time, we roamed the aisles of the local Wal-Mart.