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Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. The Tarpon Point Resort at Marina Village is home to a number of upscale retail shops and restaurants. By the BF Staff From the March/April 2016 Issue. Credit: City of Cape Coral). percent.
percent in 2015 and 2.4 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. percent in 2015 before easing to 3.4 According to the 73rd Annual Report released by the Foreign-Trade Zones Board to the U.S.
In 2015, Apple decided to put its $2 billion, 1.3-million-square-foot Zoned mixed-use/commercial. Strong workforce within a 45 minute commute zone. Build to suit retail/restaurant pads and Class A office development opportunities. More than 2 million square feet of retail and restaurants within 3-mile radius.
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. production of a Lexus.
New space is often build-to-suit for major retailers and manufacturers, as an estimated 40% of existing U.S. An additional two million square feet are in the planning stages and expected to be complete by 2015. India Invests in Multi-Brand Retail Trading: Economic growth remained stagnant in India.
When the Panama Canal expansion is complete in 2015, supersized post-Panamax ships from Asia will be able to traverse the canal and, for the first time, have direct all-water shipping access to ports on the Gulf of Mexico and the East Coast. Its key feature is highly automated 30+ lane transfer zones and automated live e-gates.
The Granite Ridge Development District: The creation of the Granite Ridge Development District, a 913-acre commercial and entertainment zone, involved policy changes as well as active investment attraction. Waterstone Retail of Needham, MA has a 500,000-square-foot center underway with Phase 1 now open and Phase 2 approved by the city.
Rauner also enacted an extension of the River Edge Redevelopment Zone tax credit program. The River Edge Redevelopment Zone Program helps stimulate the state’s economy and the local economies where the program is available. Specifically, SB 1783 extends the River Edge Redevelopment Zone tax credit until Dec. Rauner said.
The Director of Economic Development, Frank Fink will serve as the Parish guide to finding the right site, work through Zoning and Permitting issues and provide a complete set of regional demographic data and interpretation. The municipal airport offers 100 acres of light industrial zoned land and is just off the 4-lane highway in Patterson.
SL Tennessee will begin construction in August 2014 with a goal of being fully operational by April 2015. billion Competitive Renewable Energy Zone transmission project (CREZ), capping nearly a decade of planning, upgrades and new construction along 3,600 miles of high-voltage transmission lines across central and West Texas.
Energy Efficiency and Solar Grants: Commerce received a $25,000,000 appropriation in the 2015-2017 state Capital budget to continue the program. Generally loans range from $250,000 to $5 million. Eligible entities include state public higher education institutions, local government facilities, state agencies and K-12 public school districts.
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. IBM’s Tech Center in Baton Rouge will open in 2015. Photo: georgia.org.).
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. The Santa Teresa and Columbus ports-of-entry have overweight cargo zones with a six-mile radius for trucks carrying a reducible load up to 96,000 lbs.
The BOI has divided Thailand into three zones each with a different incentive package to accelerate development in disadvantaged regions. Citibank is the largest American retail bank in Thailand while Western Digital, a computer hard drive manufacturer, is the largest employer of Thai nationals (approximately 25,000 people).
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.
eStockIt.com in Hollywood is an online retailer of restaurant, janitorial and office supplies. The Port of Little Rock, on the Arkansas River is a designated Foreign Trade Zone and a United States Customs Point of Entry. Construction of the facility will begin next year, with aircraft assembly projected to begin in 2015.
As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. CVS produces “Grab Apples” from locally grown apples that are sliced, packaged and shipped to local schools, retail markets, restaurants and their distributors. Teti Bakery USA, Inc., is the newly formed U.S.
The primary candidates for this program are businesses that create new wealth for the state and provide new jobs outside of the retail sector. Total credits are limited to $2 million in any per calendar year for 2013-2015 and $500,000 per calendar year for 2016 and 2017. An unused credit may be carried forward up to seven tax years.
The metropolis of Los Angeles was the top food processing location in BF ’s 2015 Metro Rankings Report, earning the number one ranking in our metro Food Processing Employment Leaders category, edging Greater Toronto’s burgeoning food processing hub and the traditional food processing crossroads of Chicago as king of the foodies.
The Murrieta Innovation Center celebrated its grand opening with a well-attended ceremonial ribbon cutting in June 2015. Encompassing over 111 square miles, Hesperia’s sphere of influence extends to hundreds of industrial/commercially-zoned acres along the desirable north-south frontage of Interstate 15. Credit: Shane Gibson).
s intention to create 2,600 jobs in Charlotte and Cary by the end of 2015. 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. Another North Carolina win was MetLife, Inc.’s
For FY16 (July 1, 2015 through June 30, 2016) EDD has received an appropriation of $50 million in LEDA CO. Pays at least $40,000/year in a community with a population of less than 40,000 for jobs created after July 1, 2015. agriculture, construction, gambling, health care and retail). Qualified jobs: . Qualified employers: .
Qualified jobs must be occupied for at least 48 weeks by the employee and: Pay at least $28,000/year in a community with a population of less than 40,000 for jobs created prior to June 30, 2015 or $40,000/year for jobs created after July 1, 2015. agriculture, construction, gambling, health care and retail). Apportionment.
billion) and Retail ($109.6 Within the City of Fallon numerous shovel-ready parcels are available, including those located at the New River Business Park, the Hospital Medical Campus and the Fallon Municipal Airport located in the newly designated Opportunity Zone. Total domestic and international inbound traveler spending in the U.S.
The expansion consists of five new projects and will add up to 1,050- MW of wind generation in Iowa by the end of 2015. The foundation work for the Highland turbines started last fall and should be done by the end of the year, with the turbines and the more than 650 blades set to go up by the end of 2015. million reduction in 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. The taxable value is calculated at 1.5%
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.
Commercial District Revolving Loan 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. Research and development, high technology, service and other non-retail commercial enterprises. Eligibility.
T he Council of Supply Chain Management Professionals’ (CSCMP) released its 26th Annual State of Logistics (SoL) Report® in June 2015. It is what has allowed the organization to attract the variety of businesses that make up their diverse economy—from technology to manufacturing, retail, warehousing, healthcare and more. supply chain.
There are also 12 new residential subdivisions planned, and the county recently added 350 acres zoned industrial, which can accommodate more than 3 million square feet of new development. Between July 1, 2015 and July 1, 2016, the U.S. trillion CDN (2015). As enthusiasm for the city swells, so too does its population.
Accomplishments • Hired as an entry-level draftsman in 2015 and worked up the ranks to become project director. Secret Life • Enjoys analyzing land zoning and development layouts for fun. . . . . Project Director, BIM Manager. TK Design & Associates. South Lyon, Mich. . Lindsay Haltom, 39. Director of Marketing.
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. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone.
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 incentive is available for non-retail businesses engaged in commerce for profit that fall into certain categories. CALIFORNIA.
Construction officially started on the $600-million facility in April 2013 and aircraft assembly is planned to begin in 2015, with a targeted 2016 delivery of its first A320 jetliner. Lexington is a diversified growth engine for health and educational services, technology, retail trade, and manufacturing. According to Maryland Gov.
According to the 2015 Manufacturing Institute and Deloitte Skills Gap Study, 84 percent of manufacturing executives surveyed think there is a talent shortage in advanced manufacturing in the U.S. As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods.
As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. Department of Energy for 2015, were 23.5 Zoned mixed-use/commercial. Strong workforce within a 45 minute commute zone. Strong workforce within a 30 minute commute zone.
Within the sector, other local companies offer solutions for practical issues; for example, Truno is a leader in retail technology solutions for grocery stores, and Tyler Technologies produces software for more than 15,000 state and local governments. Another industry making significant strides is manufacturing.
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. agriculture, construction, gambling, healthcare and retail).
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