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program of rail projects has been proposed to upgrade economic development infrastructure in central and southern Alabama. The post Alabama Launches $231M Rail Project Program appeared first on Business Facilities Magazine.
The post MTC Logistics Opens $61 Million Cargo Hub In Alabama appeared first on Business Facilities Magazine - Area Economic Development, Site Selection & Workforce Solutions. MTC's new Mobile, AL, facility will lead to the creation of 75 jobs, has potential for further growth in future.
Read Walmart Investing $135M In Alabama Import Facility on Business Facilities - Area Economic Development, Site Selection & Workforce Solutions. The retail giant will open an import distribution facility and create 550 jobs at the Port of Mobile; is first to qualify for a new port credit to stimulate cargo traffic and job growth.
The post Alabama Port Authority To Build ICTF Facility In Montgomery appeared first on Business Facilities Magazine. The inland container intermodal transfer facility (ICTF) will extend intermodal rail service from the Port of Mobile to support regional growth in manufacturing, retail, distribution, and agribusiness sectors.
Greg Canfield, Secretary, Alabama Department of Commerce. plant in the state is already drawing attention to Alabama worldwide; much like the Mercedes-Benz announcement did in 1993. But one look at photos the National Transportation Safety Board took of the battery container from a Jan. By Business Facilities Staff.
A supplier network already is queuing up to put down roots in Alabama to service Airbus. Robert Bentley met with Labinal officials during a visit to the Farnborough International Air Show in England last year and encouraged the company to locate in Alabama. Labinal is part of the French aerospace conglomerate, Safran Group.
Alabama exports totaled a record $21.7 Read: Alabama’s 2017 Exports Set New Record at BusinessFacilities.com. billion last year, thanks in large part to increased overseas shipments of automobiles, aircraft components, chemicals, paper, and minerals.
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.
Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). Alabama Industrial Development Training (AIDT); Enterprise Florida. Funds are to be used for business development activities. Synthetic natural gas.
SelectUSA states that “A highly integrated supply chain network in the United States links producers and consumers through multiple transportation modes, including air and express delivery services, freight rail, maritime transport and truck transport. logistics and transportation industry totaled $1.33
ALABAMA SITES ARE READY FOR JOB-CREATING GROWTH. million aviation technical school is nearing completion at the Fairhope Airport Industrial Park, designated at an Alabama AdvantageSite. It’s not just southern hospitality and charm that are driving economic growth in Alabama. Coupled with one of the lowest tax burdens in the U.S.,
The September / October 2021 issue looks at startup ecosystems, innovation centers and Opportunity Zones. Plus, an exclusive interview with North Carolina Gov. Roy Cooper.
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.
Top products exported from the region were transportation equipment, machinery, except electrical, computer and electronics, and electrical equipment, appliance and components. Its key feature is highly automated 30+ lane transfer zones and automated live e-gates. Canada is also the largest trading partner to the U.S. Mid Atlantic U.S.
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. location and excellent transportation access.
Business Facilities' 2018 Metro Rankings Report takes a look at the hot topics in economic development on the city level, including solar energy, job growth, economic growth potential, diversity, and more. Read: Business Facilities’ 2018 Metro Rankings Report at BusinessFacilities.com.
In our wireless world, mobile and broadband networks create economic opportunities for health care, manufacturing, education, transportation and public safety, and virtually every other economic section.”. In 2012, CSX Transportation named Edgecombe County’s Kingsboro “mega site” one of its “CSX Select Sites.”
Both the Governor’s and the Legislature’s support of port deepening and transportation projects have helped make Savannah and Brunswick what they are today. Its completion in the fall of 2018 will cut Atlanta truck traffic by 50,000 trips per year, and expand GPA’s reach into Tennessee, Northeast Alabama and parts of Kentucky.
billion expansion of the Panama Canal, originally scheduled for completion in time for the Canal’s 100th anniversary in 2014, now is expected to be open for business before the end of next month.
It provides graduates with the hands-on training they need to begin careers in diverse fields such as aerospace, automotive, building technologies, consumer products, logistics, energy, green technology, manufacturing, materials processing, medical, mining and transportation. AIDT: 700,000 WORKERS AND COUNTING.
The Alabama legislature had a very active 2012 session in terms of economic development initiatives. Quinn signed into a law a bill that extends the life span of enterprise zones for 25 years. The first group of the State’s enterprise zones was set to expire in 2013.
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