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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

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From the January/February 2014 issue. Louisiana’s capital has had great success in executing its strategy of bringing together business and higher education in innovative public-private partnerships that spur initiatives in new high-growth sectors,” said BF Editor in Chief Jack Rogers. Photo: solarsystems-usa.net).

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State by State Incentives Guide

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ALABAMA - updated for 2014. Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. Inventory is exempt from property tax. The rates range from $.25

Income 108
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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.

Income 75
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Cover Story: New Energy Powers Growth

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From the March/April 2014 issue. SGICC will use the bulk of the D2PA funds to provide grants to PA-based small companies to demonstrate the feasibility of emerging technologies, or seed funds to test and help launch ideas, and to assist in market acceptance and growth of shale energy focused products or services.

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COVER STORY: Global Biotech Report

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Its goal is to coordinate companies, research and education institutes to foster collaboration and innovation. Production lines will be installed in 2014. Like the cluster CI3 in Hessen which got the same award only two years later in 2012, the Federal Ministry of Education and Research contributes 40 million Euros for the cluster.

Florida 63
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LOCATION FOCUS: Texas: Big Heart, Country, Business

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no personal income tax), business-driven tort reform, a variety of incentives and an overall low cost of doing business. This new facility is slated for completion in late 2014. The importance of education in Midland is reflected in the percentage of population with a completed Bachelors’ Degree well above the national average.

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