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How Detroit’s New Land Value Tax Plan Could Serve as a Model for the Nation

Pro Builder

Luckily, a new land value tax plan from Detroit’s mayor will redistribute a portion of the collected rent or imputed rent from landowners back to the city to encourage development of more rental units while discouraging building vacancy, Forbes reports.

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Home Value Appreciation Outpaced Median Salaries Across 25 Metros in 2021

Pro Builder

Home prices rose faster than median incomes in the majority of metro areas tracked by Zillow in 2021. metros tracked by Zillow in 2021, compared to just five metro areas where home value appreciation outpaced median income in 2020, CNBC reports. Detroit and St. Mon, 03/21/2022 - 09:51.

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UniFirst Investing $12M In Owensboro, KY Expansion

Business Facilities

UniFirst will keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. UniFirst recently purchased Detroit-based competitor Arrow Uniforms in a $122 million cash deal. UniFirst can also receive resources from the Kentucky Skills Network.

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Industry Focus: Global Aerospace Production Soars To New Heights

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Patent Office in Detroit, the only one outside of the nation’s capital, came into being as a result of Michigan’s annual leadership position in intellectual property applications. Snohomish County has an extensive record of well-coordinated public-private planning in growing the aerospace cluster.

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FEATURE STORY: Thailand — Nuanced Nation, One-Stop Shop

Buisness Facilities Contributed Content

The BOI offers corporate income tax holidays for up to eight years, import duty reductions or exemptions on machinery and raw materials, double deduction of public utility costs, and deductions for infrastructure construction and installation costs. Thailand also offers the second lowest corporate income tax rate, behind Singapore, in Asia.