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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson. The new law builds on Christie’s commitment to revitalizing New Jersey’s cities.

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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

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. In our Solar Power Employment category, Florida has surged into 2nd place and Ohio has joined the top 10. The center will ultimately employ up to 2,000 associates.

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Housing Supply Falls to New Low While Prices Hit New High

Pro Builder

“It may seem like the Twilight Zone for the housing market to be performing better than ever while the economy is in the tank, but it goes to show that we are in truly unprecedented times. The housing market was incredibly robust going into the pandemic with household debt at its lowest level in 40 years. Home sales were up 4.9%

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STATE FOCUS: Florida – Let The Sun Shine

Buisness Facilities Contributed Content

Ranked 5 th in the nation for high-tech employment by TechAmerica’s Cyberstates report, Florida boasts more than 270,000 high-tech workers. Since taking office in 2011, Governor Scott has moved aggressively to cut business taxes and costs, pay down debt and streamline the regulatory environment. Florida ranks 3rd in the U.S.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones. Must expand its labor force, make new capital investment, or prevent loss of employment.

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Bootstraps for Building

Business Facilities

” A state initiative called the Neighborhood Improvement Zone (NIZ) program aims to change all that, and it’s already yielding solid results in Allentown. NIZ allows developers to use designated tax revenues to pay off bonds and loans issued for capital improvements in the specified zone.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

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