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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. This quickly expanding success story has earned the Georgia Department of Economic Development our 2014 Achievement in Cluster Development Award.
While Maryland offers non-monetary incentives such as priority parking and high occupancy vehicle (HOV) lane access regardless of the number of occupants (when displaying an HOV permit on the vehicle), it is the dollar cost and source of funds for that public policy that is now drawing attention.
ALABAMA - updated for 2014. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan.
In 2014 the legislature established the original “Coast Smart” siting and design criteria requirements including created a Coast Smart Council. Wetlands Permits and Licenses. Sea Level Rise Inundation and Coastal Flooding. Water Quality and Land Management. Stormwater and Flood Management.
Income tax rates for all taxpayers will be lowered to a uniform rate of 5.8% in 2014 and 5.75% in 2015. The corporate income tax will be reduced to 6% in 2014 and 5% in 2015. If the state meets revenue targets, the corporate income tax will drop to 4% in 2016 and 3% in 2017.
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.
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.
From the January/February 2014 issue. The Arizona team worked closely with Maricopa County’s air-quality department to obtain the required permits for Apple. Mesa also processed the required permits expeditiously. Apple’s new manufacturing facility will rise on the site of the former First Solar plant in Mesa, AZ.
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.”. In March 2011, Gov.
From the July/August 2014 issue. Less Taxing” since there is no state personal income tax—a key point for consideration, especially for the attraction and retention of key employees. Chief Executive magazine’s 2014 survey of CEOs ranked Florida #2 on its listing of “Best/Worst States for Business.” By Dominique Cantelme.
From the May/June 2014 issue. In 2014, aviation-related commodities made up over $43 billion of exports through Washington. The Port of Everett contributed directly to the collective success of statewide efforts to secure the 777X including through site design, expedited permitting, and preparation for facilities construction.
“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.
From the May/June 2014 issue. as of May 2014). Developed in cooperation with Greater Spokane Incorporated (GSI), the City of Spokane Site Certification program allows for property owners to have their property deemed shovel-ready and speed the process for permit application on their site. By Jenny Vickers. Across the U.S.,
Funds must be used for real estate development (acquisitions, construction and/or rehabilitation) to assist a business, which commits to create and/or retain permanent jobs, primarily for low- and moderate-income persons. The state also permits a corporate deduction from the state’s franchise tax for renewable energy sources.
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.
After swallowing that gloomy news, Californians trudged to the polls in November and approved a referendum increasing their state income taxes by a whopping $6 billion a year. From a statistical perspective, one measure that illustrates how a community’s economic health is trending can be seen through tracking the area’s median income levels.
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. By Shana Daley. Receipt of the award is based on proof of job creation and other performance requirements.
In 2012, the Alliance visited 178 companies to assist with access to capital, workforce training opportunities, permitting issues and site location assistance. Taxpayers may apply 10 percent of the total credit amount per year over a ten-year period against their corporate business tax, insurance premiums tax or gross income tax liability.
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.
billion in 2014, will grow to $11 billion in 2023. 31, 2014 deadline that sank the Cape Wind initiative, Deep Water Wind will be eligible for federal tax credits (assessed on every hour of kilowatt-hour of wind energy produced). Navagant Research forecasts that the global SGaaS market, estimated at $1.7 for the first time.
More than a decade after Nissan Canton began production, the world’s eyes were once again on the plant in 2014 when it began production of Nissan’s crossover SUV, the Murano. Relocating employees and residents enjoy a high quality of life with metropolitan amenities, abundant schools and low taxes devoid of personal state income tax.
With the new Baker Hughes Western Hemisphere Education Center anticipated to be complete by 2014, Tomball will be host to approximately 66,000 trainees and corporate professionals from around the world each year. Texas is a right to work state and there is no state income tax, resulting in lower labor costs.
Production lines will be installed in 2014. billion Euros for the period 2009 to 2014. By 2014, 35 jobs will be created and 50 new jobs are predicted by 2017. “In The company is planning to launch the operating site at the end of 2014. million Euro expansion project increases the size of the production site by 65 percent.
That, along with a strong economy and zero personal state income tax, make it a great place to do business. In the Bluegrass State, companies announced 92 new-facility or expansion projects since the beginning of 2014, according to the Kentucky Cabinet for Economic Development. ALUMINUM GOES WHITE-HOT IN KY.
Low taxes, expedited permitting and competitive costs create an environment where businesses can grow and owners and employees can both prosper. Florida values the contribution of business to the state’s economy and quality of life, and its laws and policies reflect that attitude. Florida makes it possible for businesses to earn a profit.
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