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For example, Jefferson County Alabama (Birmingham) expanded and modernized their water and sewer system with a large investment in their system. When this market declined and interest rates spiked in this market, the county has been pushed to brink of bankruptcy since they are unable to refinance the thirty day debt.
ALABAMA - updated for 2014. Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Businesses that request CAPCO investment funding must meet certain criteria and requirements set by the Alabama Development Office.
Yes, we know that Detroit became the largest city in history to file for bankruptcy protection, a process the city is expected to emerge from this year. Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009. Great Lakes U.S. - Mid Atlantic U.S.
INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.
That ended my engagement with the firm and cost me significant dollars, while the other two consultants continued to collect fees for years until this builder’s bankruptcy during the crash of 2009. . That’s a level of commitment few of us can imagine. . One said nothing, while the other implied I made the whole thing up.
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