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From the March/April 2013 issue. And now, without further ado, here are the winners of our 2013 Economic Development Awards. By Business Facilities Staff. Our Achievement Awards throw the spot- light on agencies and organizations that have established the best practices in their specified category. Population Greater Than 500k.
From the July/August 2013 issue . CPRT will secure private financing for the residential building, which will also be an asset of the WMF. Houston (Zone 84) and El Paso (Zone 68) also shined in BF’s new ranking of top Foreign Trade Zones. By Business Facilities Staff. The approximately $30.5 GLOBAL RANKINGS.
billion project that has earned our 2013 Economic Development Deal of the Year Gold Award. Mesa Mayor Scott Smith, City Manager Chris Brady and Economic Development Director Bill Jabjiniak assisted Apple with its Foreign Trade Zone application to provide real and personal property tax relief for Apple’s investment in the Mesa site.
With his signature on the Economic Opportunity Act of 2013, Gov. It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson. By Jonathan Sanders.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.
From the July/August 2013 issue. In May 2013, the governor signed into law landmark legislation that positions Mississippi as a leading destination for energy-related economic development. The state has announced several major economic development projects in the first two quarters of 2013. In April 2013, Gov.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.
PA First Program: Funding was increased in FY 2013-14 to $37.8 Small Business First: Funding for small businesses, including low-interest loan financing for land and building acquisition and construction, machinery and equipment purchases and working capital. Export Financing Program: Funding for small business for export activities.
From the May/June 2013 issue. When companies move to Devens, for example, a wide range of financial programs can be accessed and tools are offered to finance the initial transaction. New England Workforce Training/Skilled Workforce BF-May/June-2013 Devens Military Base' Photo: Devenscommunity.com. By Business Facilities Staff.
From the September/October 2013 issue. Specific site details, such as zoning restrictions, title work, environmental studies, soil analysis and surveys, are assessed for compliance and authenticity.”. To say Southwest Louisiana is an economic hot zone would be an understatement. By Eric Cormier. A BOUNTY OF INCENTIVES.
It offers qualified manufacturing facilities and certain solid waste disposal facilities convenient, long-term, flexible financing. The Industrial Facilities and Pollution Control Financing Authority of each county issues these bonds in the county where the project is located. Tax Incentives.
Candid insights and observations from these experts formed the basis for After Sandy , a comprehensive, practical set of 23 recommendations focused on four areas—land use and development; infrastructure, technology and capacity; finance, investment and insurance; and leadership and governance.
Foreign Trade Zones: U.S. Customs Duty Management Program where manufacturers and distributors located in Foreign Trade Zones—since for Customs purposes, are considered to reside outside the U.S.—benefit Bonds issued from the Infrastructure Pool are financed or repaid from taxes voted on by local community.
The new facility, which will increase Apple’s workforce in Austin to more than 6,700, will serve as the primary operations nexus for the company in the Americas outside of Apple’s global headquarters in Cupertino, CA, centralizing accounting, human resources, sales, marketing and finance. In late 2013, Gov. According to the U.S.
FINANCING & GRANTS. Business Opportunity Loan Fund: Financing options ranging from loans to loan guaranties for businesses making investments to expand in or relocate to Wisconsin. For taxable years beginning after December 31, 2013, and before January 1, 2015, 3.75%. TAX INCENTIVES.
Bond Financing. Renewable Energy Fund : Provides grants, loans and other financing options to renewable energy projects with the potential to make electricity in a cleaner, more sustainable manner, while stimulating job growth in the green technology and energy sectors of Rhode Island’s economy. Tax-Exempt R.I.
From the May/June 2013 issue . Qualifying businesses in the corridor can apply for Next Michigan real and personal property tax abatements and tax-free Renaissance Zones. The Corridor offers export assistance and Foreign Trade Zones. Photo: Bon.lt.com.). By Business Facilities Staff. Great Lakes U.S.
The other front was for the real estate community to stop playing defense against entitlement processes, development standards, and zoning procedures that varied widely from city to city within the Salt Lake Valley. TAFI also offered a one-stop shop to help homeowners finance, build, and rent out their ADU.
automotive production, with more than 900,000 vehicles produced in 2013. which convinced Subaru of Indiana Automotive (SIA) to invest $400 million to build the Subaru Impreza at its Lafayette facility—garnered an Honorable Mention Award in BF’s 2013 Economic Development Deal of the Year competition. billion over the next 10 years.
An initial capitalization of $20 million from the first allocation of CDBG-DR funds will be combined with State funds and committed to financing eligible infrastructure projects that apply for assistance through the Bank. Federal funds with private funds) to finance projects as effectively as possible. Christie Gov.
From the September/October 2013 issue. With multiple programs offering competitive incentives and financing to qualified recipients, Texas’ commitment to the economy, the people, and quality of life is without equal. Hands-on training at Byron Martin Advanced Technology Center. Credit: Lubbock EDA.). By Shana Daley .
From the September/October 2013 issue. Rick Perry of Texas for the September/October 2013 issue of Business Facilities , we assumed our encounter would be similar to the informal yet highly informative session we had with him in May at the State Capital in Austin. Texas Governor Rick Perry. By Jack Rogers.
FINANCING & GRANTS. Capital Access Program: The Capital Access Program was established to increase the availability of financing for businesses and non-profit organizations that face barriers in accessing capital or fall outside the guidelines of conventional lending.
Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). In 2007, the statewide economic impact from film was estimated at $242 million; by 2013, this had grown to $3.5 WyoRECs™ Renewable Energy Credit Discount Program.
Construction of wind turbines set a record in 4Q 2013 with 10,900 megawatts of capacity being added; nationwide, nearly 50,000 turbines have been installed. Early estimates for 2013 production project that output in PA topped 3 trillion cubic feet last year. In November 2013, MidAmerican Energy Co. The project is part of a $1.9-billion
Oklahoma Local Development & Enterprise Zone Incentive Leverage Act (62 O.S. § 840): Provides funding for local units of government to match local tax revenue dedicated to support a project located in an enterprise zone, in support of a major tourism destination or in support of a military growth impact. 632): The U.S.
Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans may be used to finance the purchase or improvement of real property, equipment or personal property, or working capital needs.
From the March/April 2013 issue. Banking, finance, communication, high technology, retail, manufacturing and agriculture are just some of the many industries prevalent in the Empire State. Just next door to Long Island MacArthur Airport is Foreign Trade Zone (FTZ) #52. By Dominique Cantelme.
In less than four months, 2,830 homebuyers in 85 counties have reserved more than $360 million in financing, creating an estimated 1,400 new jobs. were named to the 2013 “Inc. Star Cinema Grill, a Houston-based movie theater chain, opened its first location outside the State of Texas in Downtown Arlington Heights in July 2013.
Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans may be used to finance the purchase or improvement of real property, equipment or personal property, or working capital needs.
It is situated at the geographic center of the nation and is the crossroads for a wide range of business sectors, including manufacturing, finance, agriculture, technology and warehousing and distribution. Louis are Foreign Trade Zones, providing low-cost production and warehousing facilities for imported and export-bound products.
From the May/June 2013 issue. Senate Finance Chairman Hugh Leatherman said he’s in awe of Boeing’s expansion plans. In January of 2013, the Oconee County Economic Development Commission released its new five-year strategic plan for economic development. ElectriCities service area. Photo: ElectriCities.). By Dominique Cantelme.
From the January/February 2013 issue. We also coordinate with community economic development professionals for local incentives such as discounted building and land purchases, reduced property taxes, build-to-suit agreements and finance packages. Effective Tax Year 2013, certain Kansas businesses will enjoy significant tax relief.
MAHSC partners, for example, with Hitachi, which launched Hitachi’s European Big Data Laboratory in October 2013. Vienna’s cluster management also has a long history of supporting startups, including a 200.000 euro in preseed financing and 1 million euro in seed financing. In 2013, Boehringer Ingelheim had a turnover of 914.5
The Port of Little Rock, on the Arkansas River is a designated Foreign Trade Zone and a United States Customs Point of Entry. This status allows goods to be stored and processed there without custom duties or bonds being paid until products are finished and sold, or moved out of zone. and Mutual of Omaha. of new office space by 2014.
The Deloitte study, which is the most comprehensive look at the aerospace/defense sector, projects overall growth of about five percent this year, matching the trends recorded in 2012 and 2013. percent in 2001 to an estimated 31 percent in 2013. The industrial park is zoned for heavy industry. 30 minutes to downtown Seattle.
Education • BA, Business Administration, The George Washington University • MDes, Real Estate Development and Finance, Harvard University. Education • BA, City and Region Planning/Urban Geology, The Ohio State University • Master of Urban Planning, Design, Development, and Real Estate Finance, Cleveland State University.
The remodeled facility is slated to start mass production during the second half of 2013, mainly producing 28-nm system-on-a-chip (SoC) solutions for tablets and smartphones. The plan, announced July 2012, designates 17 solar energy zones totaling about 285,000 acres of public lands as priority areas for utility-scale solar development.
Pennsylvania’s decision to consolidate hundreds of bridge projects into a single procurement financed by a bond fund managed by a new Public-Private Partnership (P3) should serve as a model for the rest of the country. The $722-million project is the largest private-activity bond financing of a public-private partnership in the U.S.
In 2013, small businesses with less than 100 employees accounted for 90.2 The Park offers an expandable 50,000-square-foot shell building and land sites ranging from 30 to 65 acres and is zoned light industrial. Local incentives include real and personal property tax abatement and tax increment financing. percent in 2012.
As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. A Federal Empowerment Zone designation, two Urban Enterprise Zones, flexible financing and low business costs make Cumberland County competitive with all areas of the country.
Quinn signed into a law a bill that extends the life span of enterprise zones for 25 years. The first group of the State’s enterprise zones was set to expire in 2013. The legislation re-establishes California’s international trade offices in order to drive exports and increase direct foreign investment in the Golden State.
That’s well above the approximately $1 billion in aluminum-related projects announced 2001-2013. As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. Zoned mixed-use/commercial. Strong workforce within a 45 minute commute zone.
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