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Feature Story: 2016 Economic Development Awards

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Custom training at a NM public educational institution may also be covered. The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. We have two winners for this year’s award for Achievement in Site Certification: Indiana Economic Development Corp. The stem-cell market currently is valued at about $1.4

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COVER STORY: Global Biotech Report

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A retreat in the public markets in 2011 resulted in overall financing levels that are back to those seen in 2008, reflecting the continuing struggles of the Eurozone countries over the sovereign debt of some member countries. Its goal is to coordinate companies, research and education institutes to foster collaboration and innovation.

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State by State Incentives Guide

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Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. The combined state and local millage rate would then be applied to the assessed value.

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STATE INCENTIVES GUIDE

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BROWNFIELD DEVELOPMENT TAX ABATEMENTS: Gives cities and counties the ability to abate the following: Non-educational city and county sales & use taxes; Non-educational state, city and county property taxes—up to 20 years; Mortgage and recording taxes. Three of the nation’s 40 Renewal Community areas are in Alabama.

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