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First-Time Buyers Are Choosing Conventional Over FHA Financing. Just 24% of first-time buyers went with an FHA loan in January while 59% of first-time buyers obtained conventional financing, reports the National Association of Realtors. In 2020, 57% of first-time buyers chose conventional financing—a 5% jump from 2019.
From the March/April 2014 issue. The focus of our 2014 Economic Development Awards is Achievement. Without further ado, here are the winners of our 2014 Economic Development Awards. By Business Facilities Editorial Staff. ACHIEVEMENT IN TARGETED INCENTIVES. WyoRECs™ Renewable Energy Credit Discount Program.
real estate recovery is set to continue into 2014, with investors increasingly looking beyond some of the traditionally popular markets to secondary markets in search of higher yields, according to Emerging Trends in Real Estate® 2014 , co-published by PwC US and the Urban Land Institute (ULI). Posted by Heidi Schwartz .
Also significantly, the Criteria have been adopted by more than 20 states as a mandatory requirement for allocation of Low Income Housing Tax Credits, a Federal program that finances roughly 90% of all affordable housing production in the U.S. So, the revision of the Criteria is of great import.
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. in 2014 and 5.75% in 2015.
To encourage the investment and job growth in Walton, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2.3 Kentucky’s borders are within 600 miles of over 65 percent of the nation’s population, personal income and manufacturing establishments.
To encourage the investment and job growth in Warren County, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $4.5 million through the Kentucky Business Investment program.
To encourage the investment and job growth in Fayette County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.7 Southeast Blog-June-2014 Fayette County Kentucky Business Investment program Kentucky Economic Development Finance Authority Lexington'
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. Historic Preservation Tax Credit: State income tax credit for 20% of the qualified rehabilitation expenditures for eligible buildings.
To encourage the investment and job creation in Montgomery County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1 million through the Kentucky Business Investment program. Sterling'
From the March/April 2014 issue. 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.
To encourage the investment and job growth in Warren County, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $4.5 Southeast Aluminum Blog-August-2014 Bowling Green Joint Venture KEDFA Kentucky Business Investment program Kentucky Enterprise Initiative Act Warren County'
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.
Agriculture Partnership in Assisting Community Expansion (Ag PACE): This program has been established to buy down the interest rate on loans to farmers who are investing in other nontraditional agriculture activities to supplement farm income. The Dakota CDC Main Street Loan Program was created to fill this financing void.
Operations will start in September 2014.”. To encourage the investment and job creation in Frankfort, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.3 million through the Kentucky Business Investment program. million through the Kentucky Business Investment program.
To encourage the investment and job growth in Jefferson County, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $200,000 through the Kentucky Business Investment program.
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. The minimum award is $50,000 and the maximum is $750,000.
Public Project Revolving Loan Fund (PPRF): The New Mexico Finance Authority¹s flagship program funds infrastructure and capital equipment projects with low-cost and low-interest rate loans. The planning money comes in the form of a loan which may be forgiven when the final project is financed through NMFA. Tax Incentives.
While the national average of per-capita income going to taxes is 9.9 In addition, Arizona’s taxes on property, gas and personal income remain low compared to the rest of the country. Air Force Research Laboratory for several years, the City purchased the facility in 2014, renamed it, and retained its high security protocols.
The combination of a bank loan and a JDA Loan allows up to 90% financing of a project. New Markets Tax Credit: Program that subsidizes long-term capital investment in order to foster job creation and community development in Low-Income Communities throughout New York State. Eligible productions include: Feature films.
To encourage the investment and job creation in Marion County, the Kentucky Economic Development Finance Authority preliminarily (KEDFA) approved the company for tax incentives up to $4.25 Southeast Blog-March-2014 Bourbon Historic Landmarks KEDFA Kentucky Enterprise Initiative Act Loretto Maker''s Mark Marion County'
In addition, a taxpayer who holds an interest in a qualified generating facility in New Mexico that files a corporate income tax return may claim a credit for 6% of the eligible generation plant costs of a qualified facility. The corporate income tax credit is 30% of eligible costs up to $30,000 in any taxable year.
This mutual waiver includes: 1 damages incurred by the Owner for rental expenses, for losses of use, income, profit, financing, business and reputation, and for loss of management or employee productivity or of the services of such persons; and.2 3d 676 (2014). v Conor Medsystems Ireland, Ltd. , 3d 799, 808, 11 N.E.3d
From the July/August 2014 issue. 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. Arlington Heights is a growing, thriving community just northwest of Chicago, home to 76,000 residents with an average household income of $95,000.
Tennessee is proud to be a right-to-work state with no personal income tax on wages. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. North Carolina, Colorado and Virginia topped the chart in BF’s flagship Economic Growth Potential ranking.
From the January/February 2014 issue. The KOZ incentive program provides tax abatements for county and township property taxes, corporate net income taxes, and school taxes for a period of 10 years. All told, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $146.5
Family-owned Duncan Aviation is undertaking a $25-million expansion including an 80,000-square-foot maintenance hangar, 95,000 square feet of office and shop space; the new facilities are scheduled to open in June 2014. Last year, Duncan Aviation opened an $11.5-million million paint shop.
million through state financing. Since arriving at CCIT in 2014, Aucta and its founder and CEO Shoufeng Li have enjoyed the collaborative atmosphere that incubator offers. The companies also obtained more than $10.6
But the latest innovations in construction project management software provide an exciting level of financial clarity—especially useful to connect project finances to accounting decision-makers. As a result, accurately managing milestones and finances throughout the life of a project—whether payables or receivables—can be challenging.
From the July/August 2014 issue. According to Deloitte’s 2014 Global Aerospace and Defense Outlook , the commercial aerospace sector is expected to experience significant growth this year, driven by continued record-setting production levels at assembly facilities and throughout the aerospace supplier network. By Shana Daley.
From the March/April 2014 issue. Kiplinger’s Personal Finance ranked Little Rock no. The median per capita income for the MSA is $41,662 as compared to $45,875 for Pulaski County, $43,735 for the U.S. Southeast Arkansas Economic Development Commission BF-March/April-2014 Career Readiness Certificate Caterpillar Little Rock'
We will expand to other parts of the USA and include Realtors with rental property or construction contracting companies later in 2014. You can see at a glance what is happening with your finances anytime online from your smartphone, desktop, iPhone or any web enabled device. You want someone who understands your industry.
The result was hailed by the Democratic chairman of the Senate Finance Committee as “…the closest thing we’ve had to true, total tax reform.” Martinez enacted a single sales factor, reduced New Mexico’s corporate income tax by 22 percent, from 7.6 percent over five years, and ended the practice of tax pyramiding.
From the March/April 2014 issue. In 2013, 459,380 kilowatt (KW) hours were generated by wind farms in Nebraska, a number that is expected to reach 534,380 KW hours in 2014. In January 2014, Texas completed the last segment of the $6.8-billion By Jenny Vickers and Jack Rogers. It’s just a clean product.”.
ALABAMA - updated for 2014. 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. They are: The Renewal Program.
The huge $791 million South Runway Expansion Project should be completed and ready for landings and takeoffs in September 2014. of new office space by 2014. Medpace will move employees to the new Cincinnati campus over five years with approximately 1,339 jobs occupying the entire 350,000-square-foot space by 2014.
Eight core industry segments are more dominant than agriculture in terms of contributions to the state’s GDP, employment, or a combination of both, including: manufacturing, transportation, distribution, finance, insurance and real estate. Creating jobs and increasing family incomes for Iowans is my administration’s top priority,” said Gov.
INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.
Senate Finance Chairman Hugh Leatherman said he’s in awe of Boeing’s expansion plans. Under the terms of the award, Ipreo is eligible to receive up to nine annual grants equal to 65 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award.
From the May/June 2014 issue. Additionally in 2014, the City of Frankfort already has announced the location of two food processing companies to the City. Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. effective buying income.
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. Texas is a right to work state and there is no state income tax, resulting in lower labor costs.
From the May/June 2014 issue. The Horizon 2020 framework program, for example, covers the period 2014 to 2020, and it is the EU‘s main instrument for supporting research, development and innovation in Europe. Biotech was, next to IT and Finance, one of the most important branches to investors. By Stefanie Ramsperber.
To encourage the investment and job growth in Hardin County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.55 Southeast Workforce Training/Skilled Workforce Blog-Feb-2014 Elizabethtown Hardin County Hendrickson Kentucky Economic Development Finance Authority manufacturing'
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.
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