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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

By Business Facilities Editorial Staff From the March/April 2016 Issue. Our 2016 awards include recognition for the locations that have led the way in smart-grid modernization, innovative funding for infrastructure projects, renewable energy breakthroughs and new tools for supporting startups and entrepreneurs. Plenary Group USA Ltd.

Indiana 40
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A New Wave of Intentional Communities

Natural Building

The East Wind Community is hidden deep in the Ozarks of southern Missouri and calls itself an “income-sharing, egalitarian community” They have 1,145 acres of largely undeveloped highland forest. The number of intentional communities nearly doubled between 2010 and 2016 to roughly 1,200. photo credit…George Etheredge.

Income 52
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State by 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% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

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Kentucky: Biotechnology Sector Is Surging In Lexington

Business Facilities

To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 through the Kentucky Business Investment program.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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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Governor’s Report: Sooner Is Better In Oklahoma

Buisness Facilities Contributed Content

By Jack Rogers From the May/June 2016 Issue. Chamber of Commerce Foundation currently ranks OK 16th among states for STEM job growth; Gov. billion expansion of its nitrogen plant in Enid, Garfield County approved the creation of a Tax Increment Financing (TIF) district to expand water demand for Enid residents and the plant.

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State Focus: New Mexico – Welcoming the World

Buisness Facilities Contributed Content

By the BF Staff From the March/April 2016 Issue. The result was hailed by the Democratic chairman of the Senate Finance Committee as “…the closest thing we’ve had to true, total tax reform.” Martinez enacted a single sales factor, reduced New Mexico’s corporate income tax by 22 percent, from 7.6