Investing In Opportunity Zones
Business Facilities
AUGUST 29, 2022
As part of the 2017 Tax Cuts and Jobs Act, Qualified Opportunity Zones across the U.S. provide a vehicle to reinvest capital gains for near- and long-term tax benefits.
Income Magazine Zoning 
Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities
Buisness Facilities Contributed Content
MAY 22, 2014
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.
Zoning 
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BUSINESS REPORT: New California Incentives Offer Credits For Job Creation
Buisness Facilities Contributed Content
JANUARY 28, 2014
California is considered by critics as one of the hardest states in which to grow a business, given its high individual and corporate income tax rates, high sales tax, and conflicting regulations. The San Diego Enterprise Zone, which ended Dec. 31, currently consists of areas of South County, southern San Diego and Rancho Bernardo.
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FEATURE STORY: 2013 Economic Development Awards
Buisness Facilities Contributed Content
APRIL 18, 2013
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.
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STATE FOCUS: Florida – Let The Sun Shine
Buisness Facilities Contributed Content
SEPTEMBER 26, 2013
Over the last two years, Florida has eliminated thousands of regulations on job creators and removed corporate income taxes for thousands of small businesses. Chief Executive magazine now ranks Florida the #2 best state for business. Less Taxing” since there is no state income tax. People can also enjoy “Life. Its FTZ No.
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Business Facilities Names 2013 Deal of the Year Winners
Buisness Facilities Contributed Content
JANUARY 27, 2014
Business Facilities magazine has announced the winners of its 2013 Economic Development Deal of the Year competition. A key component of the Urban Outfitters deal was the use of Pennsylvania’s Keystone Opportunity Zone (KOZ) incentive program, created in the 1990s to lure new and expanding businesses to the state.
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Business Facilities’ 15th Annual Rankings: State Rankings Report
Business Facilities
JULY 24, 2019
Tennessee is proud to be a right-to-work state with no personal income tax on wages. OPPORTUNITY ZONES ARE HERE. The authors of the Opportunity Zones section of the tax reform bill, Sen. North Carolina, Colorado and Virginia topped the chart in BF’s flagship Economic Growth Potential ranking. that need it the most.
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Oregon Incentives and Workforce Development Guide
Business Facilities
JULY 11, 2014
The updated Oregon incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. The intention is to protect those industrial lands with the potential for future economic development and job growth from conversion to residential or commercial zoning.
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49 Innovation Is Thriving In Arizona
Business Facilities
AUGUST 23, 2017
While the national average of per-capita income going to taxes is 9.9 In addition, Arizona’s taxes on property, gas and personal income remain low compared to the rest of the country. Zoned mixed-use/commercial. Strong workforce within a 45 minute commute zone. Strong workforce within a 30 minute commute zone.
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76 Location Focus: New York – The Empire State Leverages Its Strengths
Buisness Facilities Contributed Content
MAY 6, 2014
The program transforms State University of New York (SUNY) campuses, private colleges and universities, and university communities across the state into tax-free zones for new and expanding businesses. ?Business Just next door to Long Island MacArthur Airport is Foreign Trade Zone (FTZ) #52.
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STATE FOCUS: Kansas Focuses On The All-Around
Buisness Facilities Contributed Content
MARCH 21, 2014
The state recognizes that small businesses are critical to the economy and recently eliminated income taxes for many small organizations. In addition, the state offers a payroll withholding tax retention program and sales tax exemptions and recently lowered personal income taxes.
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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy
Buisness Facilities Contributed Content
FEBRUARY 28, 2013
After swallowing that gloomy news, Californians trudged to the polls in November and approved a referendum increasing their state income taxes by a whopping $6 billion a year. The region boasts one of California’s largest enterprise zones, offering incentives for companies to locate and expand within the greater Sacramento area.
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FEATURE STORY: Thailand — Nuanced Nation, One-Stop Shop
Buisness Facilities Contributed Content
JULY 10, 2013
The BOI offers corporate income tax holidays for up to eight years, import duty reductions or exemptions on machinery and raw materials, double deduction of public utility costs, and deductions for infrastructure construction and installation costs. Thailand also offers the second lowest corporate income tax rate, behind Singapore, in Asia.
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North Carolina Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
The updated North Carolina incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Foreign Trade Zones (FTZ): Neutral, secured areas legally outside of the U.S. Income tax rates for all taxpayers will be lowered to a uniform rate of 5.8%
Location Focus: Washington – Scenic Vistas And Soaring Industry Side By Side
Business Facilities
JULY 28, 2014
The industrial park is zoned for heavy industry. Oysters, shrimp and crab are among the primary income producers, but shellfish are only part of the story. Other catches, especially tuna, salmon, and halibut also contribute to the significant income derived from seafood. Some of its features include: Five minutes to I-5.
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45 Global Growth Surge in Southwest Louisiana
Business Facilities
SEPTEMBER 20, 2017
The Director of Economic Development, Frank Fink will serve as the Parish guide to finding the right site, work through Zoning and Permitting issues and provide a complete set of regional demographic data and interpretation. The municipal airport offers 100 acres of light industrial zoned land and is just off the 4-lane highway in Patterson.
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FEATURE STORY: 2014 Economic Development Awards
Buisness Facilities Contributed Content
MARCH 28, 2014
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). WyoRECs™ Renewable Energy Credit Discount Program. In January, Texas completed the last segment of the $6.8-billion
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108 Packing and Leaving
Business Facilities
JULY 23, 2014
Colorado, still absorbing the impact of a massacre in a movie theater in Aurora when the carnage in Newtown erupted, adopted background checks and a ban on high-capacity magazines. In Colorado, firearms maker Magpul Industries announced it would relocate in response to the CO ban on high-capacity magazines.
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50 Florida: A Warm Climate For Business Growth
Business Facilities
AUGUST 21, 2017
Business dollars go a lot farther in Florida given the state’s tax advantages, tax exemptions and no state personal income tax. Businesses thrive in this low-tax environment, and employees enjoy the benefit of no personal income tax. No state personal income tax. Nearby is a 15-acre Cape Coral Army Reserve Center. Visited by 98.9
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72 FEATURE STORY: 2013 Economic Development Deal of the Year Awards
Buisness Facilities Contributed Content
FEBRUARY 26, 2014
Mesa Mayor Scott Smith, City Manager Chris Brady and Economic Development Director Bill Jabjiniak assisted Apple with its Foreign Trade Zone application to provide real and personal property tax relief for Apple’s investment in the Mesa site. Mesa also processed the required permits expeditiously.
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North Dakota Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
The updated North Dakota incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Income Tax Exemption: A primary sector or tourism business may qualify for an income tax exemption for up to five years.
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Illinois Revives Premier Corporate Tax Incentives
Business Facilities
NOVEMBER 15, 2017
There’s credit for the cost of training new employees and investing in low-income areas, plus provisions that allow small businesses easier entry into the program. Rauner also enacted an extension of the River Edge Redevelopment Zone tax credit program. Louis, Elgin, Peoria and Rockford. Rauner said. ARLINGTON HEIGHTS OFFERS ACCESS.
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Ports And FTZs: Enter With Less Risk
Business Facilities
OCTOBER 17, 2016
An airport of entry (AOE), usually designated with the word “international”, provides customs and immigration services for incoming flights. Foreign-Trade Zones (FTZs) Program was created in 1934 with the goal of helping businesses in the U.S. About 63 percent of the shipments received at zones involved domestic status merchandise.
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North Dakota Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 8, 2016
Agriculture Partnership in Assisting Community Expansion (Ag PACE): This program has been established to buy down the interest rate on loans to farmers who are investing in other nontraditional agriculture activities to supplement farm income. The total buy down amount per borrower may not exceed $20,000 per project or biennium.
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Oklahoma Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
The updated Oklahoma incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Foreign Trade Zones: U.S. At least 51% of the new jobs must be made available to low and moderate-income persons. benefit from cost savings and flexibility.
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South Carolina Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
The updated South Carolina incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Job Tax Credit: By creating new jobs in South Carolina, companies may be eligible for a tax credit against their South Carolina income tax liability.
STATE FOCUS: Lassoing Jobs In Texas
Buisness Facilities Contributed Content
DECEMBER 3, 2013
Another popular economic development incentive offered by the state is the Texas Enterprise Zone Program, which enables local communities to partner with the State of Texas to promote job creation and significant private investment, helping assist economically distressed areas of the state. billion in capital investment.
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49 LOCATION FOCUS: Kansas – Diversification From The Ground Up
Buisness Facilities Contributed Content
FEBRUARY 28, 2013
Kansas passed a business income tax exemption which eliminates certain non-wage business income on lines 12, 17 and 18 of IRS Form 1040 for Partnerships, Limited Liability Corporations, Limited Liability Partnerships, Sole Proprietorships and Subchapter-S Corporations that have elected at the federal level to be taxed as a pass-through entity.
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49 Ohio Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
The updated Ohio incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Ohio Enterprise Zone Program: Provides real property tax incentives for businesses that expand or relocate in Ohio.
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40 Location Focus: Florida – Rebounded And Ready
Business Facilities
SEPTEMBER 17, 2014
Cape Coral hosts diverse investment zones, commercial corridors and industrial parks suitable for a wide range of corporate and entrepreneurial pursuits. Less Taxing” since there is no state personal income tax—a key point for consideration, especially for the attraction and retention of key employees. People can also enjoy “Life.
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Industry Focus: Global Aerospace Production Soars To New Heights
Business Facilities
SEPTEMBER 3, 2014
The industrial park is zoned for heavy industry. Topeka, located in Shawnee County, offers a wide range of resources and services to existing and relocating and expanding companies: Aggressive local incentives, based on the quality of jobs, and state incentives, including income tax credits. 30 minutes to downtown Seattle. Plains U.S.
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Industry Focus – Retail: Less Than Six Degrees of Separation
Buisness Facilities Contributed Content
JUNE 8, 2016
The health of this industry is a vital economic indicator since sales tend to be driven by personal income, consumer confidence and interest rates. Lower gas prices are creating more discretionary income to save, pay down debt and spend on travel, eating out and personal services. Investment Zones & Distinct Communities.
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New Mexico Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
The updated New Mexico incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Rural Jobs Tax Credit: This credit can be applied to taxes due on (state) gross receipts, corporate income or personal income tax. Apportionment.
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40 Industry Focus: Food Processing – The Process Of Consistency
Business Facilities
JULY 15, 2014
Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. Many food processing facilities require water for processing.
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BUSINESS REPORT: Life Sciences Grow High-Wage Jobs in the Beehive State
Buisness Facilities Contributed Content
FEBRUARY 26, 2013
billion in personal income. Key Incentives: Enterprise Zones, Rural Fast Track Program, ED Tax Increment Financing, Motion Picture Incentives, Private Activity Bond. Key Incentives: Enterprise Zones, Rural Fast Track Program, ED Tax Increment Financing, Motion Picture Incentives, Private Activity Bond.
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40 LOCATION FOCUS: United It Stands
Buisness Facilities Contributed Content
MAY 1, 2013
million in funding from the New York State Housing Trust Fund/HOME and federal low income housing tax programs. Just next door to Long Island MacArthur Airport is Foreign Trade Zone (FTZ) #52. The project created 15 jobs and added 29 market-rate apartments. million Seaway Lofts project in the City of Oswego received $1.5
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Feature Story: Shovel-Ready Sites – Fired Up, Ready To Go
Buisness Facilities Contributed Content
JUNE 19, 2014
Since its inception in 2008, the program has recognized 47 active AdvantageSite locations in the state after meeting guidelines such as utility and environmental standards, size, zoning and accessibility. Creating jobs and increasing family incomes for Iowans is my administration’s top priority,” said Gov. Far West U.S. Plains U.S.
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SPECIAL REPORT: The Carolinas Are Bringing The Business
Buisness Facilities Contributed Content
JULY 23, 2013
Under the terms of the award, Ipreo is eligible to receive up to nine annual grants equal to 65 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award. Lastly, the county bought a 100-acre rail-served industrial site within a New Market Tax Credit Zone.
State Focus – Iowa: Growing Jobs As Well As Corn
Buisness Facilities Contributed Content
DECEMBER 16, 2015
State Focus – Iowa: Growing Jobs As Well As Corn originally appeared on Business Facilities (BF) Magazine. Creating jobs and increasing family incomes for Iowans is my administration’s top priority,” said Gov. Two miles from I-80 in Van Meter, a nearly 288- acre site is ideally zoned for a data center. By Shana Daley.
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Location Focus: Illinois – Trying to Make Headway in Every Way
Business Facilities
SEPTEMBER 10, 2014
Arlington Heights is a growing, thriving community just northwest of Chicago, home to 76,000 residents with an average household income of $95,000. Existing Foreign Trade Zone and U.S. Quinn said. 1871 has become a true entrepreneurial hub for our state.”. ARLINGTON HEIGHTS: PRIMED TO GROW, THRIVE.
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51 State Focus: New Mexico – Welcoming the World
Buisness Facilities Contributed Content
JUNE 2, 2016
Martinez enacted a single sales factor, reduced New Mexico’s corporate income tax by 22 percent, from 7.6 Martinez created a now 12-mile overweight cargo zone to allow overweight trucks from Mexico to enter and unload on the New Mexico side of the border. percent over five years, and ended the practice of tax pyramiding.
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Industry Focus: Aerospace Sector Is Flying High Again
Buisness Facilities Contributed Content
MAY 5, 2016
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 The airport is also designated as a foreign trade zone, zoned industrial and owned by the public therefore not subject to property taxes.
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State by State Incentives Guide
Buisness Facilities Contributed Content
APRIL 15, 2014
Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. 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.
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108 New York Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
The updated New York incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Loans may be up to 60% for projects located in Empire Zones or economically distressed area. Funds to make Loans are derived from the sale of State-guaranteed bonds.
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