Remove 2006 Remove Bankruptcy Remove Lien Remove Remodeling
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Remodeling costs, furnishings, furniture, machinery and equipment for qualified projects.

Income 75
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

TARGETED JOBS WITHHOLDING TAX CREDIT: Enacted in 2006, it allows the diversion of withholding funds paid by an employer to be matched by a designated “pilot” city to create economic incentives that can be directed toward the growth and expansion of targeted businesses located within Urban Renewal areas.

Income 108