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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. billion industry with several new studio complexes under development. By Business Facilities Editorial Staff. business experience.
CNH Industrial reported first-quarter 2014 revenues of $7.5 Net income for the quarter was $101 million; net income was $177 million before restructuring and other exceptional items, down $8 million from 1Q 2013. Net sales of Industrial Activities at $7.2 Net sales of Industrial Activities at $7.2
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 .
CNH Industrial closed 2015 first quarter with revenues of $6 billion, operating profit of industrial activities of $223 million and net income of $23 million. percent compared with Q1 2014 on a constant currency basis (down 22.2 percent compared with Q1 2014 on a constant currency basis (down 22.2
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 May/June 2014 issue. The food processing industry works to convert raw materials, such as grains, dairy products and meats, to processed food. Much of the foods found in grocery stores have been processed, and the industry remains one of the largest in the United States. By Julianne Feaver.
From the May/June 2014 issue. In 2014, aviation-related commodities made up over $43 billion of exports through Washington. It enjoys strong support from and close cooperation among government, industry, labor, education and community leaders. The industrial park is zoned for heavy industry. Photo: seattle.gov.).
As we close in on the finish line for 2015, we’re happy to report it’s been a terrific year at Englewood Construction and for many others in the commercial construction industry. We are optimistic this positive momentum will continue into 2016, but as always there are challenges ahead, too.
. “We see a blue sky opportunity to deliver customized, renewable fuel to government, the petroleum industry and other private users throughout the United States and we look forward to partnering with the people of southern Ohio to build new industries and new economic opportunity.”
Industrial Revenue Bond (IRB) Program: Assists private business development and expansion by issuing low-interest tax-exempt bonds. 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.
A return to growth will be healthy for innovation, product development and game-changing technology creation – a cornerstone of this industry.” million workers in 2014, and another 3.2 billion in corporate federal income taxes and $4.1 billion in state and local income taxes in 2014, a $1.5
Brownfield Grants: Grants to local governments, businesses, non-profits and individuals for developing commercial and industrial sites that have been adversely affected by environmental contamination. Historic Preservation Tax Credit: State income tax credit for 20% of the qualified rehabilitation expenditures for eligible buildings.
This is a huge investment in Kentucky – one that further solidifies our role as a key player in the auto industry,” said Gov. Bowling Green continues to grow as a major industrial hub in Kentucky, attracting major companies who want to call our wonderful city their home,” said Sen. Mike Wilson, of Bowling Green.
percent in 2014, 2.8 Rick Scott signed a bill into law that will eliminate sales tax on the purchase of manufacturing equipment starting April 30, 2014. These incentives will make Florida more competitive in attracting manufacturing companies and expanding the industry in the state. percent in 2014 and 4.1
A return to growth will be healthy for innovation, product development and game-changing technology creation—a cornerstone of this industry.”. million workers in 2014, and another 3.2 billion in corporate federal income taxes and $4.1 billion in state and local income taxes in 2014, a $1.5 billion in 2014, a 9.9
The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. million through the Kentucky Business Investment program. The state ranks third in the nation in total air cargo shipments.
From the May/June 2014 issue. One of the fastest growing trends in the site selection business is the demand for certified industrial sites. million aviation technical school is nearing completion at the Fairhope Airport Industrial Park, designated at an Alabama AdvantageSite. By Jenny Vickers. Across the U.S.,
Sales should rise this year before falling next year, says industry consultants AlixPartners LLP. Kentucky expanded its automotive industry leadership in 2015 with billions of dollars in investments planned by automakers and parts suppliers, fresh products launched and thousands of new jobs announced. .
This huge investment will further solidify our role as a key player in the auto industry. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. I want to thank Constellium N.V.
From the March/April 2014 issue. Business will be able to locate in these special university economic zones and operate 100 percent tax-free for 10 years, with no income tax, business or corporate state and local taxes, no sales tax, no property tax, no franchise fees, and in many cases, no income tax for employees.
The company primarily serves clients in the insurance, financial services, property capital and medical industries by converting paper documents into electronic files. Sterling’s industrial base.”. Southeast Workforce Training/Skilled Workforce Blog-Sept-2014 Kentucky Economic Development Finance Authority Mt. Sterling'
From the January/February 2014 issue. The state recognizes that small businesses are critical to the economy and recently eliminated income taxes for many small organizations. In addition, the state offers a payroll withholding tax retention program and sales tax exemptions and recently lowered personal income taxes.
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. A Grow NJ award worth up to $24.3
That’s exactly what California aims to do with a trio of tax incentive programs that begins in 2014, he said. California is considered by critics as one of the hardest states in which to grow a business, given its high individual and corporate income tax rates, high sales tax, and conflicting regulations. We believe that it will.”.
The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. million through the Kentucky Business Investment program. Creating jobs is our top priority,” said Lexington Mayor Jim Gray.
“Tennessee always sets the bar high in meeting all of the priorities of businesses evaluating locations in the Volunteer State, whether it’s customized workforce training, prefertilized sites or lower industrial electricity costs.”. Tennessee is proud to be a right-to-work state with no personal income tax on wages.
Nucor has created 140 new direct jobs to date and will reach its target of 150 jobs well in advance of the company’s year-end 2014 commitment to the State of Louisiana. Nucor’s investment in Louisiana is one of the reasons we have more people working and living with higher incomes than ever in our state.”. since 2009. James Parish'
From the January/February 2014 issue. According to Mike Evans, executive director of the Clarksville-Montgomery County Industrial Development Board (IDB), state officials began the project recruitment about 18 months ago, with multiple locations throughout the state under consideration by Hankook. FILM INDUSTRY GROWS IN GA.
The Pinewood Atlanta Studios project was the culmination of more than five years of efforts to grow the footprint of the film industry in Fayette County. 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.
“It’s very encouraging to see that FIT applications are rolling in from across the city, particularly low-income neighborhoods where the environmental and economic benefits are so important,” said Dr. Manuel Pastor, Director of the USC PERE and one of the report’s authors.
million, a gain of 46 per cent, between 2014 and 2017.” Let’s play with the figures a bit: According to official statistics in New Zealand, the year to the June 2017 quarter, for people receiving income from paid employment the median weekly earnings was $959, or about $4 9 ,8 68 per annum. I lived in New Zealand for 18 years.
From the July/August 2014 issue. Projections show that even just a 15 percent increase in 2014 could generate an additional 1,725 jobs and infuse another $10 million into Illinois’ economy.”. WHEELING, IL IS A DYNAMIC BUSINESS/INDUSTRIAL HUB. Wheeling’s position as a dynamic business and industrial center continues to prosper.
Each year, Business Facilities selects the organizations that have established and consistently executed the best practices in our industry, bringing measurable success in targeted economic development to the locations they represent. Highlights include the largest industrial spec development lease in the last five years in Broward County.
From the July/August 2014 issue. Cape Coral hosts diverse investment zones, commercial corridors and industrial parks suitable for a wide range of corporate and entrepreneurial pursuits. Less Taxing” since there is no state personal income tax—a key point for consideration, especially for the attraction and retention of key employees.
The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. “I
From the May/June 2014 issue. The project was made possible in part by an award to GKN Driveline from the state Job Development Investment Grant (JDIG) program, as voted by the state Economic Investment Committee on May 13, 2014. NESA REGION: SET FOR INDUSTRIAL DEVELOPMENT. By Shana Daley. The Buncombe County average is $35,784.
The annual Office EER aggregates office sector income and expense data from the previous year; 2015 data was gathered from more than 5,200 buildings in nearly 275 markets in the U.S. psf in 2014. The Office EER provides critical insight into the performance of the office sector with more data than any comparable source in the industry.
Operations will start in September 2014.”. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. million through the Kentucky Business Investment program.
The city that rose on three mighty rivers in western PA is home to a number of industrial powerhouses, including aluminum giant Alcoa, U.S. A burgeoning health care industry drives the regional economy in Pittsburgh. Pittsburgh: Healthcare Hub. Pittsburgh, PA perennially makes our list of the most livable cities in the nation.
From the March/April 2014 issue. has made Louisiana a prime development state for major capital investments in new and expanding process industries–manufacturers that rely heavily upon natural gas as a feedstock. The wind industry is helping the U.S. By Jenny Vickers and Jack Rogers.
The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. The bourbon industry is booming, and Kentucky is proud to be part of it,” said Sen. Jimmy Higdon, of Lebanon. “We
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 program is targeted to manufacturing, processing and value-added industries.
Arizona is home to a surging ecosystem of global giants, early stage entrepreneurs and tech-savvy Millennial talent who are breaking new ground across a wide range of industry growth sectors. While the national average of per-capita income going to taxes is 9.9 P83 Innovation Center campus conceptual renderings. After leasing the U.S.
From the March/April 2014 issue. Arkansas has more than 275 available industrial buildings, which range from 10,000 to 2.1 Nearly 200 of these available industrial buildings have interstate access. 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.
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