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SPECIAL REPORT: The Carolinas Are Bringing The Business

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Stemming from their wired and wireless network expansion announced last fall, AT&T plans to hire 120 people across South Carolina—filling 50 vacancies and hiring for 70 new positions. The Boeing plant also builds mid- and aft-body assemblies for 787s that are made in South Carolina and Everett, Wash.

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2012 Business Facilities Rankings Report

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New Orleans has attracted GE Capital’s new technology office, adding hundreds of jobs to the local workforce. Known as the “Creative Capital of the South,” Baton Rouge has attracted development studios such as Electronic Arts, Crawfish Games, Nerjyzed Entertainment and BitRaider MMO. aerospace and defense industry directly employed 1.05

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Centers of Technology: The Future Is Now

Business Facilities

Companies such as GE Digital, Finlays, Richard Branson’s Virgin Pulse and Johnson & Johnson already are establishing innovation labs and offices in Rhode Island, creating hundreds of new jobs. GE’s Digital Division recently opened an office in Providence to tap into the tech talent. “We Continued below sidebar).

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State by State Incentives Guide

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Businesses that request CAPCO investment funding must meet certain criteria and requirements set by the Alabama Development Office. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The program is divided into two sections, Section 5 is a tax credit and Section 11 is an exemption.

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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.

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COVER STORY: 2012 Economic Development Deal of the Year Awards

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The Austin Chamber of Commerce, Travis County and the Governor’s Office of Economic Development and Tourism were key players in bringing the project to fruition. Personal income impact estimated at $273 million (direct). billion in personal income and an overall Economic Output impact of $5.7 Project Impact Estimates.

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