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FEATURE STORY: 2014 Economic Development Awards

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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). Choose New Jersey/NJ Economic Development Authority for Grow NJ (the Grow New Jersey Assistance Program). WyoRECs™ Renewable Energy Credit Discount Program.

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SNAPSHOTS: 60 Seconds…with Lt. Gov. Kim Guadagno, State of New Jersey

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BF: Amazon has announced it will build a $200-million fulfillment center in Robbinsville, the first phase of a major investment in NJ. Once the three phases of the project are completed, CommVault may create a total of up to 1,500 new jobs in NJ. BF: What are the most important steps NJ is taking to improve its business climate?

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2012 Business Facilities Rankings Report

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billion in Federal individual income taxes, and $1.9 billion in state individual income taxes. California, NJ, PA Are Biotech Behemoths. New Jersey recently increased its research and development tax credit program from 50 percent to 100 percent, providing technology companies additional yield on their investments in NJ.

Iowa 69
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FEATURE STORY: 2013 Economic Development Awards

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Less Taxing,” aired for six months in the NY/NJ/CT, Boston and Chicago markets. In 2012, the Alliance visited 178 companies to assist with access to capital, workforce training opportunities, permitting issues and site location assistance. The campaign, built on the tagline of “Life.

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Industry Focus: Food Processing – The Process Of Consistency

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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. CUMBERLAND COUNTY, NJ: LONG-TIME FOOD PROCESSING HUB. The Vineland, NJ plant makes millions of cases of soups each year at its facility on West Elmer Road.

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State by State Incentives Guide

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Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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STATE INCENTIVES GUIDE

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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