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Read: Alabama’s 2017 Exports Set New Record at BusinessFacilities.com. Alabama exports totaled a record $21.7 billion last year, thanks in large part to increased overseas shipments of automobiles, aircraft components, chemicals, paper, and minerals.
The July / August 2017 issue features our 13th annual rankings report, presenting the top states, metros and global locations from every possible economic development angle. Read: July / August 2017 Issue (Volume 50, Number 4).
4 in Best Business Climate, Texas—all have been perennial contenders for BF’s top honor, the State of the Year Award: Texas and Tennessee each have won the award three times since it was created in 2007; Virginia was the 2018 SOTY; Alabama won BF’s top award in 2017. “An OPPORTUNITY ZONES ARE HERE. Cory Booker of NJ and Sen.
From the July/August 2017 Issue. With more than 1,200 aerospace and defense companies in Arizona, it is easy to understand why PriceWaterhouseCoopers ranked Arizona number one for aerospace manufacturing attractiveness. Zoned mixed-use/commercial. Strong workforce within a 45 minute commute zone. By the BF Staff.
Its key feature is highly automated 30+ lane transfer zones and automated live e-gates. The project, which began three years ago and is expected to be completed by 2017, is more than halfway done after workers finished dredging an 11-mile stretch, known as Reach D. Names Innovation Hubs.
From the July/August 2017 Isssue. According to the Connecticut Department of Labor, the May 2017 unemployment rate for Connecticut was estimated at 4.9 percent (seasonally adjusted), unchanged from April 2017 and down four-tenths of a percentage point from a year ago. By the BF Staff. percent in 2016, was down 0.8 The NH Dept.
From the September/October 2017 Issue. Boyd Rutherford (left) and Environment Secretary Ben Grumbles, discusses his 2017 Environmental Package. Larry Hogan’s 2017 environmental agenda, which the governor unveiled in January. By the BF Staff. T he Maryland state legislature has allocated $7.5 Larry Hogan, with Lt.
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.
From the September/October 2017 Issue. This high achievement level is one reason a 2017 Chief Executive survey of CEOs placed Iowa second in the nation in worker quality. In addition, it is also focused on helping companies that conduct business with the department of defense diversify their business. By the BF Staff.
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.
A fter several years of job losses, aerospace and defense sector employment is expected to grow in 2016 by more than 39,000 jobs in the U.S., Aerospace & Defense Labor Market Study. percent, of which about 185,000 jobs were lost in the defense subsector. Aerospace and defense sector companies paid $7.7 Tax Foundation.
When Clark Ivory returned with his family to Salt Lake City from a three-year church mission in the eastern European countries of Moldova and Romania in 2017, he could have easily allowed Ivory Homes, the company founded by his father, Ellis, almost 50 years earlier, to continue without him. Mike Beirne, Senior Editor.
Low-cost land, a skilled workforce and “Restrained” government—with low taxes and minimal regulation—yield unrestrained growth in Texas. Read: The Sky’s The Limit In The Lone Star State.
The Port of Little Rock, on the Arkansas River is a designated Foreign Trade Zone and a United States Customs Point of Entry. This status allows goods to be stored and processed there without custom duties or bonds being paid until products are finished and sold, or moved out of zone. defense contracts.
Ipreo Holdings plans to create 250 new jobs by the end of 2017 when it establishes a business center in Wake County, NC. Lastly, the county bought a 100-acre rail-served industrial site within a New Market Tax Credit Zone. The company will received a performance-based grant from the One North Carolina Fund of up to $99,000.
55% of the receipts from selling jet fuel for use in turboprop or jet engines until June 30, 2017; 40% after June 30, 2017. Department of Defense. Department of Defense may be deducted from gross receipts. 50% of gross receipts from selling other aircraft. Five-Year Policy Changes: Year. Appointment. Single Sales Factor.
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. Department of Defense may be deducted from gross receipts. Five-Year Policy Changes: Year.
With Amazon’s decision to put its $1.5-billion billion hub in Hebron, Kentucky is on the runway to establish itself as the global airfreight logistics leader. Business Facilities - Area Economic Development, Site Selection & Workforce Solutions.
The Pennsylvania Rapid Bridge Replacement project aims to replace 558 aging bridges across the Keystone State by the end of 2017. defense department, with an additional $500 million in state and private investment. There are an estimated 4,000 bridges in PA rated structurally deficient.]. Andrew Cuomo.
From the September/October 2017 Issue. Here’s a peek at what’s driving change in 2017: The factory of the future: Tesla’s “Gigafactory,” may represent not just what future factories look like, but how companies approach their entire manufacturing process. Its aluminum will supply the automotive, aerospace and defense industries.
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