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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

By Business Facilities Editorial Staff From the March/April 2016 Issue. Our 2016 awards include recognition for the locations that have led the way in smart-grid modernization, innovative funding for infrastructure projects, renewable energy breakthroughs and new tools for supporting startups and entrepreneurs.

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

Buisness Facilities Contributed Content

are implementing site certification programs called “shovel ready”—meaning that the site is primed and ready for economic development. Additional construction will continue into 2016 and the plant is anticipated to begin commercial production in 2018. Development sites in 15 Minnesota communities have received certification to date.

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Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Certification that all projects described within the related project plan will generate, in the aggregate, a minimum of either $1,000,000 in payroll, exclusive of payroll for construction, or 5,000,000 in investment; . The certificates of deposit bear interest rates of up to 3% below the standard rate. TAX INCENTIVES.

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Tax Reform Impact on Employers and Employees

Revit OpEd

The Tax Bill adds a definition of “tangible personal property.”

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State by State Incentives Guide

Buisness Facilities Contributed Content

The credit is applicable to work performed before July 1, 2016 for the North Slope and Cook Inlet; for areas outside the North Slope and Cook inlet the credit is applicable to work performed before January 1, 2022 as part of the More Alaska Production Act passed in 2013. ARIZONA – updated for 2014.

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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

Buisness Facilities Contributed Content

Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. SMUD is setting aggressive goals for renewable energy production, including 125 megawatts of customer-sited, net-metered solar power by 2016. Barstow Casino & Resort Project.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

JOB TRAINING PROGRAM: Originally set to expire in 2011, the Arizona Competitiveness Package extended the program an additional five years until December 31, 2016 and modified the definition of a “rural area.”. $25 The program ends December 2016. Funds cannot be used for debt refinancing or contingency funding.

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