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UPDATE: Seven New Locations Added To President Obama’s Promise Zones Initiative

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On January 9, 2014, the President announced the next step in those efforts by naming the first five “Promise Zones.” THE PROMISE ZONES INITIATIVE. The five Promise Zones announced are part of the 20 that will be announced over the next three years. so that each partner can work towards improvement and accountability.

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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Nevada and Alabama rounded out the top five in Economic Growth Potential, followed by Utah, Florida, Louisiana, Missouri and Mississippi. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. OPPORTUNITY ZONES ARE HERE.

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Industry Focus – Retail: Less Than Six Degrees of Separation

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Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. Investment Zones & Distinct Communities. The Cape Coral Economic Development Office has designed several investment zones to enhance and tailor growth with a visionary outlook.

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Food Processing: Generating Growth for Good Eats

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Small businesses engaged in food and beverage manufacturing continue to account for a larger share of total establishments in the food and beverage sector. In 2013, small businesses with less than 100 employees accounted for 90.2 Local incentives include real and personal property tax abatement and tax increment financing.

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FEATURE STORY: 2013 Economic Development Awards

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Jasper County, which includes Joplin, has been named Missouri’s first national ACT “Career Ready Certified” community (Missouri is one of only four state’s that have made it to ACT’s second round). The city has adopted three NH Economic Revitalization Zones, offering corporate tax credits to qualifying businesses.

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State by State Incentives Guide

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CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.

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