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As one of the largest debt buyers in the world with more than 3,800 employees in 12 countries, PRA Group plans to create 330 new jobs over five years. The LVGEA assisted Virtual Guard in the application for tax incentives, which was a crucial factor in its consideration to relocate to Nevada. The four projects are: PRA Group, Inc.,
The TNECD website summarizes Tennessee’s approach to business climate with this credo: “We believe in high expectations, low debt and a pro-business regulatory environment. Nevada and Alabama rounded out the top five in Economic Growth Potential, followed by Utah, Florida, Louisiana, Missouri and Mississippi.
Must expand its labor force, make new capital investment, or prevent loss of employment. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone. The credit is 20% of the actual costs limited to the employer’s income tax liability. WORKFORCE DEVELOPMENT .
FULL EMPLOYMENT ACT OF 2011: Businesses with 50 or fewer employees may receive a one time income tax credit equal to $1,000 per new job paying over $10 per hour. EMPLOYER EDUCATION CREDIT: A tax credit is statutorily available to employers who provide approved basic skills education programs to Alabama resident employees.
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