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From the July/August 2017 Issue. What’s more, Arizona offers a robust portfolio of programs and resources supporting both large and emerging tech employers. After leasing the U.S. Peoria has an abundant, educated workforce within a 30 minute drive from most major employment centers in the Phoenix metropolitan area.
If the company opts for New Jersey over leasing a competing facility in the Bronx, the project would result in the creation of 40 new jobs and private investment of more than $8.9 Within advanced manufacturing, employment in food manufacturing is second only to chemical manufacturing, with more than 31,500 employed in New Jersey in 2015.
From the July/August 2017 Issue. Infrastructure and a workforce that specializes in industrial sector employment are two areas where many competing locals around the nation fall short when compared to Southwest Louisiana. Generally these sites are leased. By the BF Staff. There is no property tax on the land or buildings.
million facility, funded by Veterinary Health Center revenue, was completed in spring 2017. This unique facility is one of the first in the country to provide a central location for students and families to connect with new student services, admissions, financial aid, housing and dining services, and career and employment services.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Must expand its labor force, make new capital investment, or prevent loss of employment. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone.
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 auto giant, which already has an assembly plant in Fairfax, is leasing 830,000 square feet in a facility in the Fairfax Industrial District. Read Kansas: GM Expands at Fairfax Facility in Kansas City on Business Facilities - Area Economic Development, Site Selection & Workforce Solutions.
Highlights include the largest industrial spec development lease in the last five years in Broward County. The Alliance has a strong partnership with Broward County’s Workforce One employment center, securing nearly $1 million state and local training assistance for 1,107 employees in local companies. million paint shop.
finance team to its recently leased offices downtown at Nashville City Center. After undergoing renovations, WMG’s new Nashville office will open in mid-2017. Warner Music Group (WMG) will expand in Nashville, TN over the next two years, bringing up to 175 jobs in Davidson County. WMG will relocate its U.S.
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.
The geographic boundaries have been extended, and capital investment and employment eligibility requirements have been reduced. The QRT program is successful because it works with employers, workforce boards, colleges and school districts to find the best situation to provide training for new employees.
Two of the leading employers, UPMC and West Penn Allegheny Health System, together account for more than 50,000 jobs. Little Rock, AR is a center for several major employers in a variety of industries including healthcare, service, government and agriculture. A burgeoning health care industry drives the regional economy in Pittsburgh.
Loan funds may be used to finance real estate, machinery and equipment and for the purchase or leasing of equipment. Automation Credit: Allowed only for the 2013, 2014 and 2015 through 2017 tax years, it is an income tax credit for purchasing machinery and equipment for the purposes of automating a manufacturing process in ND.
Vonco is leasing the building from KABA and will have an option to purchase the facility. The company is expected to take occupancy in June 2017. Vonco will be the anchor tenant of a new business park being developed by KABA. The state’s 9,500 manufacturers employ more than 465,000 workers.
Deal said the Innovation Center is “is exactly the kind of employer we want in the state.” million in state and local performance-based grants (to assist IBM with facility lease costs, building operating costs; workforce recruitment, relocation and internal training costs; and payroll incentives). Picking The Winner.
FULL EMPLOYMENT ACT OF 2011: Businesses with 50 or fewer employees may receive a one time income tax credit equal to $1,000 per new job paying over $10 per hour. The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company.
The new R&D center will create 732 new jobs and have a total economic impact of $250 million via direct local salaries, lease on the property, and capital improvements at the facility. Andrew Florance, CoStar Founder and CEO, announces his company’s $8M investment in Richmond, VA. Relocating or Expanding Your Business In Virginia.
Advanced Energy Deduction & Advance Energy Tax Credit: Receipts from selling or leasing tangible personal property or services that are eligible generation plant costs to a person that holds an interest in a qualified generating facility are deductible from gross receipts and compensating tax. Qualified employers: . TAX INCENTIVES.
High Wage Jobs Tax Credit: A taxpayer who is an eligible employer may apply for and receive a tax credit for each new high-wage economic-base job. Qualified employers can take the credit for four years. Are growing with employment greater than the previous year. Are growing with employment greater than the previous year.
billion until 2017. At the beginning of 2015, 566 companies employed more than 27,000 workers, with an average employment growth of more than five percent per year. The team works in Frankfurt/Höchst, but a move to the Fraunhofer-site in Gießen is planned for 2017. It offers 31,000 square meters of lab and office space.
The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. Austin is now one of the nation’s top emerging high-tech cities, with more than 120,000 people employed by around 4,400 technology firms. Together, they employ thousands.
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., This reverses a five-year trend that resulted in employment decreases of 9.4 aerospace and defense sector continues to be one of the top employers in the U.S. Acadiana is home to PHI, Inc.,
From the industrial revolution, the splitting of the atom, and the first modern computer to the first test-tube baby—Manchester claims to be synonymous with innovation. Manchester, for example, houses the largest cancer research and treatment center in Europe and the UK’s largest children’s hospital. The medtech company Ottobock invested 16.6
is one of the nation’s leading operators of general acute care hospitals and one of Tennessee’s largest employers. The organization’s affiliates own, operate or lease 199 hospitals in 29 states with approximately 30,000 licensed beds. The company operates the largest private electronic health record deployment in the world.
Congressional District, which includes Wheeling, is the third-largest industrial concentration in the United States, and Wheeling is counted among the top five manufacturing employment communities in the state. Richelieu has leased a 115,000-square-foot manufacturing facility, and plans to employ 115 people. Of those jobs, 33.5
However, analysts say higher interest rates and a glut of cars coming off leases (which will crowd used-car lots with late-model vehicles available at discounts) could act as a damper on new-car sales. The massive project prepares the facility to produce the 2017 class of F-Series Super Duty. million in December from 18.2
To meet demand, rails increased capacity with 1,300 new and rebuilt locomotives; 3,800 freight car purchases; and 700 new leased freight carts. Positive absorption remains in all industrial submarkets in DuPage County, showing continued strength and growth in the county in leasing, user sales and construction completions.
The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. PortMiami contributes approximately $28 billion annually to the South Florida economy and helps provide direct and indirect employment for more than 207,000.
The Iowa wind energy industry supports up to 7,000 jobs, third in the country in employment related to the wind energy industry. be constructed at no net cost to the company’s customers and will help stabilize electric rates over the long term by providing a rate reduction totaling $10 million per year by 2017, commencing with a $3.3
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. By the BF Staff. advanced manufacturing.
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