Remove Income Remove Leases Remove New Jersey
article thumbnail

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. Christie said. NJEDA approved a significant Grow NJ award of up to $39.5 headquarters.

Zoning 47
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. 25 to $1.75

Income 108
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

New Jersey’s CCIT Helps Companies Generate Over $130M In Revenues

Buisness Facilities Contributed Content

New Jersey Economic Development Authority’s (EDA) Commercialization Center for Innovative Technologies (CCIT) , the Garden State’s leading life sciences incubator, is a hub of activity within New Jersey’s technology sector. with the majority of the company situated in New Jersey. CCIT Supports Growth.

article thumbnail

FEATURE STORY: 2014 Economic Development Awards

Buisness Facilities Contributed Content

START-UP NY (which stands for SUNY Tax-free Areas to Revitalize and Transform Upstate NY) is an initiative to turn SUNY campuses and other university communities across the state into tax-free communities for new and expanded businesses. Choose New Jersey/NJ Economic Development Authority for Grow NJ (the Grow New Jersey Assistance Program).

Indiana 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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.

Income 75
article thumbnail

Black Gold Rush

Buisness Facilities Contributed Content

No state has a brighter employment picture: there are so many jobs being created in the Peace Garden State—(yep, that’s what the locals call it, and no, it’s not a more sedate version of New Jersey)—that many new hires are having a hard time finding lodging, sleeping in their cars or RVs while new housing is built.

article thumbnail

Industry Focus: Aerospace Sector Is Flying High Again

Buisness Facilities Contributed Content

billion in corporate federal income taxes and $4.1 billion in state and local income taxes in 2014, a $1.5 Additionally, individual income taxes paid totaled $23.9 New Hampshire is a recognized value leader when it comes to state and local taxes. However, despite the decline in employment numbers, the U.S.