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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. By Business Facilities Editorial Staff. ACHIEVEMENT IN TARGETED INCENTIVES. WyoRECs™ Renewable Energy Credit Discount Program.
From the July/August 2014 issue . SL Tennessee will begin construction in August 2014 with a goal of being fully operational by April 2015. 2009 (the Recession officially ended in April 2009, but unemployment didn’t peak until the end of that year) to the most current numbers available (April 2014, Bureau of Labor Statistics).
From the July/August 2014 issue. To read about the 2014 state rankings, visit this link.). Gilbert is aggressively moving forward with a daring plan to revive two square miles of property with a variety of commercial enterprises, including hotels, casinos and retail stores. By Business Facilities Staff. automotive industry.
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. Marathon Data Operating Co.,
Over $100 million in investments are expected to be made by concerns adjacent to the arena, which could generate over 1,000 new jobs, new retail and significant quality of life enhancements. That research supports the trade shows and targeted retail and hospitality efforts of the city. The company $7.2-million million paint shop.
percent in 2014, 2.8 percent in 2012, retail sales will grow at an average pace of 3.7 This is due in part to the fact that economic recovery in Florida is feeding into retail sales. Rick Scott signed a bill into law that will eliminate sales tax on the purchase of manufacturing equipment starting April 30, 2014.
The dedicated technology hub will help accelerate the Fortune 50 company’s technology transformation, serving as the epicenter for the team Lowe’s is hiring to help modernize its IT systems and build future retail experiences. OPPORTUNITY ZONES ARE HERE. The authors of the Opportunity Zones section of the tax reform bill, Sen.
Air Force Research Laboratory for several years, the City purchased the facility in 2014, renamed it, and retained its high security protocols. Zoned mixed-use/commercial. Strong workforce within a 45 minute commute zone. Build to suit retail/restaurant pads and Class A office development opportunities.
An Honorable Mention Award also went to a full-court press by an “Action Team” including the Pennsylvania Governor’s office and the PA Department of Community and Economic Development that convinced specialty retail giant Urban Outfitters to double down on its investment in the Commonwealth.
ALABAMA - updated for 2014. Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones. ALASKA – updated for 2014. TAX INCENTIVES.
New space is often build-to-suit for major retailers and manufacturers, as an estimated 40% of existing U.S. While some construction projects aimed at alleviating growing pains are in the works, several are not expected for completion until 2014. India Invests in Multi-Brand Retail Trading: Economic growth remained stagnant in India.
From the March/April 2014 issue. In January 2014, Governor Corbett, Comcast Corporation and Liberty Property Trust announced the construction of Comcast Innovation and Technology Center in Center City Philadelphia, a $1.2 By Robert Tilton. Photo: Greater Reading Economic Partnership.). billion, 59-story tower. Reliable electric grid.
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. New conceptual plans offer two options: as a new Retail District or an Office Park. Photo: City of Cape Coral Economic Development Office.).
From the March/April 2014 issue. The Midwest Inland Port is served by a Foreign Trade Zone and provides local Customs Clearing, features that are being enhanced to provide a more robust set of service offerings. In 2011, New Mexico created a six-mile overweight cargo zone around the Santa Teresa port-of-entry.
From the January/February 2014 issue. 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. Photo: solarsystems-usa.net).
ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. The increase is to occur in equal increments over a four year period, between 2014 and 2017. percent, between 2014 and 2017.
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.”. Existing Foreign Trade Zone and U.S. By Robert Tilton. Pat Quinn and state agencies are working together to advance Illinois. percent.
eStockIt.com in Hollywood is an online retailer of restaurant, janitorial and office supplies. 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. Motorola Mobility, Plantation, FL.
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. As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. By Julianne Feaver. Teti Bakery USA, Inc.,
Another popular economic development incentive offered by the state is the Texas Enterprise Zone Program, which enables local communities to partner with the State of Texas to promote job creation and significant private investment, helping assist economically distressed areas of the state. billion in capital investment.
percent in 2014 to $1.45 percent in 2014. percent in 2014 due to stronger shipment volumes and inventory carrying charges that were up 2.1 In 2014, consumers began to drive the economy once again as consumer confidence measures soared,” said Wilson. percent to $80 billion in 2014. percent in 2014.
Its key feature is highly automated 30+ lane transfer zones and automated live e-gates. The PortMiami Tunnel Project, which is expected to be completed in 2014, includes construction of a four-lane tunnel that will run under Biscayne Bay to connect the port directly to the interstate system. The project must then be presented to U.S.
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. The state also has no renewable portfolio standard.
Commercial District Revolving Loan Trust Funds: ESD has capitalized over $600,000, making funds available to five community-based corporations to administer and make loans to small retail and service businesses in their service areas. Loans may be up to 60% for projects located in Empire Zones or economically distressed area.
Medical, manufacturing, technology, retail and many other businesses continue to choose Waxahachie as their home. Retailers in Waxahachie have enjoyed success for decades and continue to prosper today. Many new retail developments such as Waxahachie Crossing and Waxahachie Town Center, have been added to the community since 2000.
In Maryland, state law does not address carryout bags provided by retail establishments. In 2014 the legislature established the original “Coast Smart” siting and design criteria requirements including created a Coast Smart Council. Sea Level Rise Inundation and Coastal Flooding. Oil Cleanup .
From the farmlands and research and development, to retailers, food service and customers, you will find regional, national and global brands that call Ohio home. Abbot’s 250,000-square-foot Tipp City facility opened in 2014. It takes many helping hands to bring good food to families across the nation. Abbott Laboratories.
Maple Lodge Farms represents one of Brampton’s success stories, combining rich farming tradition, state-of-the-art, in-house processing technology and retail outlets, and exports throughout North America. These companies then process and package it for sale to retail and wholesale markets. million investment. Boar’s Head Provisions Co.,
The City’s major business sectors include Manufacturing, Retail and Wholesale Trade, Food and Beverage, Information and Communication Technology, and Life Sciences. In 2012, Air Canada announced the construction of their Systems Operations Control Centre (SOC) which will open in 2014 and essentially be the new “nerve centre” of the airline.
Rural New Mexico is defined as any part of the state other than Los Alamos County; certain municipalities: Albuquerque, Rio Rancho, Farmington, Las Cruces, Roswell, and Santa Fe; and a 10-mile zone around those select municipalities. agriculture, construction, gambling, health care and retail). Five-Year Policy Changes: Year.
Rural New Mexico is defined as any part of the state other than Los Alamos County; certain municipalities: Albuquerque, Rio Rancho, Farmington, Las Cruces, Roswell and Santa Fe; and a 10-mile zone around those select municipalities. agriculture, construction, gambling, health care and retail). Five-Year Policy Changes: Year.
Retail Business in Charlotte and for its Global Technology & Operations organization in Cary. Lastly, the county bought a 100-acre rail-served industrial site within a New Market Tax Credit Zone. The leading global life insurance and employee benefits company expects to invest (or cause to be invested) $125.5
The primary candidates for this program are businesses that create new wealth for the state and provide new jobs outside of the retail sector. Note: Except for certain wind devices, this credit expires on December 31, 2014, and is not allowed for devices installed on or after January 1, 2015.
Flex PACE will allow communities the ability to provide assistance to businesses that would not meet the current requirements of PACE, such as: jobs retention, technology creation with no new jobs, retail, smaller tourist businesses and essential community businesses. A taxpayer is allowed no more than $10,000 of credits for all years.
Secret Life • Enjoys analyzing land zoning and development layouts for fun. . . . . Horton’s brand and marketing best practices • Opened 11 retail centers within 18 weeks to launch an operating division; trained the sales team and activated outreach to real estate agents to introduce D.R. Lindsay Haltom, 39. Homes By Taber.
billion in 2014, will grow to $11 billion in 2023. Companies that manufacture or produce a product in New Mexico, non-retail service companies that export a substantial percentage of services out of state (50 percent+ of revenues and/or customer base) and certain green industries are eligible. The company, which recently opened a U.S.
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. As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. Zoned mixed-use/commercial.
It has two Foreign Trade Zones and a transportation network that includes an international airport, Page Field, a general aviation airport, and I-75. Two Foreign Trade Zones; I-75, I-4, and I-95; the Florida Turnpike; four U.S. highways (17, 27, 441, and 98); and 12 state roads traverse or pass near the region.
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