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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. BF: Growth of film and entertainment industry employment in Alabama also is a DOC priority. By Business Facilities Staff.
Iowa remains the undisputed champ of traditional ethanol production, but the Hawkeye State has laid down a marker it’s not sitting on its hands as the future of ethanol unfolds: Iowa is second only to Alabama in leading the way to commercial production of cellulosic ethanol. Mercedes is a great cheerleader for Alabama.”.
The city has created two Tax Increment Financing Districts with a third in process, to expand the municipal infrastructure to industrial and commercial zones. The city has adopted three NH Economic Revitalization Zones, offering corporate tax credits to qualifying businesses.
Tennessee, Virginia and Alabama are the top-ranked states, respectively, in BF’s flagship Best Business Climate ranking. Nevada and Alabama rounded out the top five in Economic Growth Potential, followed by Utah, Florida, Louisiana, Missouri and Mississippi. OPPORTUNITY ZONES ARE HERE. TN TOPS IN BUSINESS CLIMATE.
After rising through the ranks of our Automotive Manufacturing Strength category like one of the Saturn V rockets they used to produce in Huntsville, Alabama finally has reached the summit in our flagship auto category. Auto Giants Keep Getting Bigger. automotive production, with more than 900,000 vehicles produced in 2013.
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.
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.
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. WyoRECs™ Renewable Energy Credit Discount Program. ACHIEVEMENT IN WORKFORCE TRAINING.
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.
The September / October 2021 issue looks at startup ecosystems, innovation centers and Opportunity Zones. Plus, an exclusive interview with North Carolina Gov. Roy Cooper.
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.,
Its key feature is highly automated 30+ lane transfer zones and automated live e-gates. With 3,540 feet of wharf, three berths, and 6 cranes, PMT is able to handle container, break-bulk and RO/RO cargo. PMT also has direct access to both CSX and NS railways, and will soon connect to the Commonwealth Railway. Great Lakes U.S. - Southeast 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.
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. Parkinson, Jr.,
The Midwest Inland Port is served by a Foreign Trade Zone and provides local Customs Clearing, features that are being enhanced to provide a more robust set of service offerings. The Santa Teresa and Columbus ports-of-entry have overweight cargo zones with a six-mile radius for trucks carrying a reducible load up to 96,000 lbs.
Alabama’s AIDT (Alabama Industrial Development Training) is a major force for workforce training in the state. Called the Alabama Robotic Technology Park (RTP), the project is helping to move Alabama to the forefront of education, training and technology. AIDT Builds Skilled Labor in AL. aerospace industry.
Attracting foreign direct investment has become a top priority for economic development organizations seeking to leverage the status of the U.S. as the top global destination for FDI. Read: Global Investment: Destinations Of Choice at BusinessFacilities.com.
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.
The competition for foreign direct investment is intensifying, with locations far and wide vying to become prime destinations for FDI. Read: Destinations For Foreign Direct Investment: FDI Lives Here at BusinessFacilities.com.
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. The GPA broke ground on this inland rail yard in Chatsworth, GA, in FY2017. Adding capacity for motor carriers. percent increase.
Made in Alabama since 1961, Wellborn Cabinet products are the culmination of 60 years’ experience in high-quality craftsmanship. Zoned HVAC / Mitsubishi Electric. Viatera is Greenguard and National Sanitation Foundation certified for its eco-friendly manufacturing process and use of. sustainable materials. . Click for more info. . .
Additionally, the T-SLAB production process enables the inclusion of conduits, solid zones (as structurally or functionally required), and holes for ducts and drains. Starting in June of 2020, Tindall’s South Carolina Division has supplied T-SLAB products to multiple Tindall location territories, including their own.
Our state could very well become the aerospace hub, when you bring all these suppliers in here to supply not only Boeing but possibly Airbus in Alabama,” he said. Lastly, the county bought a 100-acre rail-served industrial site within a New Market Tax Credit Zone.
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.
Culpeper’s five strategically located Tech Zones provide incentives to qualified technology zone businesses. In addition, businesses that qualify for technology zone grants will receive reimbursements up to 100 percent of the cost for building permits and site plan review permits for the property subject to technology zone grants.
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.
auto workers in Alabama for a conglomerate based in South Korea) and head over to the mall to purchase a lightweight cotton shirt. .” But Tantillo also argued against reinstating tariffs and said the renegotiation of NAFTA “must not disrupt the high level of supply chain integration that exists today.”
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