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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

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With his signature on the Economic Opportunity Act of 2013, Gov. It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson. By Jonathan Sanders.

Zoning 47
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STATE FOCUS: Florida – Let The Sun Shine

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From the July/August 2013 issue. According to the Florida & Metro Forecast 2013–2016 , published in April by the Institute for Economic Competitiveness (College of Business Administration, University of Central Florida), Florida’s economic future also looks bright. percent in 2013, 2.5 percent during 2013 to 2016.

Florida 74
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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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FEATURE STORY: Thailand — Nuanced Nation, One-Stop Shop

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From the May/June 2013 issue. percent growth supported by its robust export industry, and it is on track to meet its 5 percent target for 2013. The BOI has divided Thailand into three zones each with a different incentive package to accelerate development in disadvantaged regions. percent as of February 2013].

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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. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75
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Oklahoma Incentives and Workforce Development Guide

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Small Employer Quality Jobs Program: Provides incentive payments to a qualifying small employer. Foreign Trade Zones: U.S. Customs Duty Management Program where manufacturers and distributors located in Foreign Trade Zones—since for Customs purposes, are considered to reside outside the U.S.—benefit

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

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From the January/February 2013 issue. 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. Ultimately, ACT selected Sacramento because the availability of a qualified workforce and the benefits of locating in an Enterprise Zone.