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SPECIAL REPORT: Steadfast And Strong In The Wake Of Superstorm Sandy

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Nearly 50 fatalities were reported in New York in the days after the storm; the death toll in New Jersey did not exceed 40 thanks to heroic efforts by NJ Gov. The $25-million campaign also would encourage New Jerseyans and tourists to shop local. President Obama joins Gov. Kim Guadagno.

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State by State Incentives Guide

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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.

Income 108
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COVER STORY: 2013 Business Facilities Rankings Report – State Rankings

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The first was not unexpected, although China’s lead in developing alternative energy is expected to shrink as its ability to spur solar panel production is eliminated by trade negotiators enforcing a WTO decision citing China for subsidizing its industry. Rounding out the top 10 are Illinois, Ohio, Florida, Utah and Wyoming.

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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. ENTERPRISE ZONES: Businesses located within the boundaries of an EZ are eligible for tax credits. LAMBRA zones are a companion to EZs.

Income 75
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Phantom Payouts

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In other words, if a company gets a $50-million credit by promising to create 400 jobs in a new facility–but the plant ends up employing only 250–the tax credit cannot be applied.

Austin 49
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Industry Focus: Aerospace Sector Is Flying High Again

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New Hampshire is a recognized value leader when it comes to state and local taxes. 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.

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FEATURE STORY: 2013 Economic Development Awards

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The local economic development office for Rochester, NH led the Recruitment Team for the project, and persevered during a two year selection and negotiation process, managing a complex package of deliverables. The city has adopted three NH Economic Revitalization Zones, offering corporate tax credits to qualifying businesses.

El Paso 106