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

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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. NJEDA approved a significant Grow NJ award of up to $39.5 Laurel, NJ.

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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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State by State Incentives Guide

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone.

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STATE INCENTIVES GUIDE

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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 principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company.

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Industry Focus: Aerospace Sector Is Flying High Again

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With no state sales or income tax, limited corporate taxes and new tax incentives, like R&D Tax Credits and Economic Revitalization Zone Credits, the tax burden is ranked as BEST in New England and 8th in the nation by the U.S. ATLANTIC COUNTY, NJ: A LEADING EDGE LOCATION. Tax Foundation.

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COVER STORY: Editors’ Location Picks

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The TV ads, which aired for six months in the NY/NJ/CT and Boston markets and on JetBlue’s in-flight TV, conclude with Huizenga’s memorable tag line: “Hey, it’s not what you make, it’s what you keep.” The Port of Little Rock, on the Arkansas River is a designated Foreign Trade Zone and a United States Customs Point of Entry.

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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. Highlights include the largest industrial spec development lease in the last five years in Broward County. The city has adopted three NH Economic Revitalization Zones, offering corporate tax credits to qualifying businesses.

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