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By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute. In 2017 alone, Viewpoint issued more than 50 releases and updates across our office, team and field products. In case you haven’t heard, construction software use is on the rise.
. -- Skanska USA Commercial Development has plans to start speculative development of 99M, an 11-story, 234,000-square-foot Class A office building with ground-floor retail/restaurant space in Washington’s Capitol Riverfront submarket. Skanska is self-financing 100 percent of the development costs.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.
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
is contemplating a move from Brooklyn to Middlesex County, where the manufacturer and distributor of nuts, dried fruits, and trail mixes would acquire a 61,950-square-foot facility in Perth Amboy to increase cost-effectiveness and expand into other retail channels. Gourmet Nut Inc.
From the July/August 2017 Issue. 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. Peoria recently was ranked number seven on America’s 50 Best Cities to Live list from Yahoo Finance, and for good reason.
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 The center will ultimately employ up to 2,000 associates.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.
The 250,000- to 300,000-square-foot facility will employ 310 people and produce cookies, crackers and other items by contract for major food brands and retailers. Construction is expected to start this summer and the facility is scheduled to be operational by the end of 2017.
Collateral Support Program (CSP): The CSP can help small businesses secure bridge loans of up to 18 months including SBA 504 bridge financing. Energy Efficiency and Solar Grants: Commerce received a $25,000,000 appropriation in the 2015-2017 state Capital budget to continue the program.
Education • BA, Business Administration, The George Washington University • MDes, Real Estate Development and Finance, Harvard University. Collaborator and co-author for award-winning project in the 2017 Global LafargeHolcim Awards. Alex Akel, 29. President, Owner. Akel Homes. Delray Beach, Fla. . Homes of Distinction. Cleveland.
Public Project Revolving Loan Fund (PPRF): The New Mexico Finance Authority¹s flagship program funds infrastructure and capital equipment projects with low-cost and low-interest rate loans. The planning money comes in the form of a loan which may be forgiven when the final project is financed through NMFA. Tax Incentives.
Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans may be used to finance the purchase or improvement of real property, equipment or personal property, or working capital needs.
From the July/August 2017 Issue. M idway through 2017 the Food Processing industry already has seen a number of expansions and relocations along with new facility construction. Both projects also are utilizing financing from the Vineland UEZ loan program. By the BF Staff. Abbott Laboratories.
55% of the receipts from selling jet fuel for use in turboprop or jet engines until June 30, 2017; 40% after June 30, 2017. Non-retail service companies that export a substantial percentage of services out of state (50% or more revenues and/or customer base). LEDA funds are provided on a reimbursable basis only. Appointment.
From the September / October 2017 Issue. DMDII is one of nine institutes within the Manufacturing USA network, with six more planned by the end of 2017. In May 2017, the state launched an “Innovation Campus” that aims to accelerate the commercialization of research and position Rhode Island as a center of high value employment.
Pennsylvania’s decision to consolidate hundreds of bridge projects into a single procurement financed by a bond fund managed by a new Public-Private Partnership (P3) should serve as a model for the rest of the country. The $722-million project is the largest private-activity bond financing of a public-private partnership in the U.S.
When Urban Outfitters was considering a relocation, a full-court press by an “Action Team” including the Pennsylvania Governor’s office and the PA Department of Community and Economic Development convinced the specialty retail giant to double down on its investment in the Commonwealth. The company will occupy the new building in early 2019.
The new facility, which will increase Apple’s workforce in Austin to more than 6,700, will serve as the primary operations nexus for the company in the Americas outside of Apple’s global headquarters in Cupertino, CA, centralizing accounting, human resources, sales, marketing and finance. Names Innovation Hubs.
percent are in manufacturing, while nearly 20 percent are in the wholesale and retail sectors. An overlapping Tax Increment Financing (TIF) district offers a strategic financing mechanism for pending and proposed developments in and around the airport. Of those jobs, 33.5
From the September/October 2017 Issue. This is a definite asset for companies when it comes to finances and safety. In its 2017 fiscal year, Nashville International Airport (BNA), the region’s conduit for air travel, served a record-breaking 13.5 By the BF Staff. JOHNSON COUNTY FILLS THE ORDER FOR DISTRIBUTION CENTERS.
eStockIt.com in Hollywood is an online retailer of restaurant, janitorial and office supplies. Government leaders are committed to retaining, creating and expanding job opportunities for the service, retail and industrial sectors of the community. By 2017, the plant is expected to churn out between 40 and 50 planes per year.
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 The company estimates the line will be in service in 2017, with construction beginning next year in O’Brien County.
Certain types of businesses are excluded from the program, including retail and wholesale businesses; restaurants and hospitality; professional practices like law firms and medical offices; and energy production and distribution companies. Kentucky Cabinet for Economic Development , for the Kentucky New Energy Ventures (KNEV) Fund.
Senate Finance Chairman Hugh Leatherman said he’s in awe of Boeing’s expansion plans. Ipreo Holdings plans to create 250 new jobs by the end of 2017 when it establishes a business center in Wake County, NC. Retail Business in Charlotte and for its Global Technology & Operations organization in Cary.
Iowa’s Certified Site Program takes into account national site location standards, benefits provided by Iowa’s natural resources and the needs of key business sectors, including advanced manufacturing, finance and insurance and the biosciences. To achieve certification, sites go through a rigorous review process.
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. The program boasts 225 member companies and 650 students enrolled for fall 2017.
From the September/October 2017 Issue. Charles Senior Living Center—a rehabilitated, 60-unit independent living facility in downtown Aurora—was a beneficiary of the tax credit and subsequently received the 2017 Landmarks Illinois Award for Rehabilitation. Retail also thrives in Arlington Heights. By the BF Staff.
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