article thumbnail

Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment

BD+C

The Tax Cuts and Jobs Act of 2017 created the designation “Opportunity Zone,” for which the Internal Revenue Service will allow tax advantages for certain investments in lower-income areas when an Opportunity Fund invests more than 90% of its assets in a zoned property.

Zoning 74
article thumbnail

Iowa: Moving To The Top Of The Class

Business Facilities

From the September/October 2017 Issue. This high achievement level is one reason a 2017 Chief Executive survey of CEOs placed Iowa second in the nation in worker quality. By the BF Staff. I owa’s leaders have an ambitious target for the state’s workforce education goals. Iowa consistently earns high marks for its education climate.

Iowa 43
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Icy Hot

Buisness Facilities Contributed Content

At the conclusion of the World Economic Forum last week, Russian Foreign Minister Sergey Lavrov declared that Russia is eager to mine the Arctic for rubles and prepared to partner with other nations to develop its portion of the Arctic zone.

article thumbnail

Georgia Ports See Surge In Private Investments, Record Cargo Volumes

Business Facilities

percent in total tonnage across all terminals during Fiscal Year 2017, and doing it safely and without congestion. The container ship MSC Chicago sails up river to the Port of Savannah’s Garden City Terminal near Savannah Ga. Louis, Chicago and the Ohio Valley. Savannah handled 3.85 Georgia Ports Authority/Stephen B.

Georgia 41
article thumbnail

Logistics: On the Road, Water or Rails…or in the Air — AGAIN

Business Facilities

Through the Enterprise Zones Program business and industry can realize state incentives such as Job Creation Grants and Real Property Investment Grants, while also realizing a number of local tax and other incentives. Chicago is the nation’s rail hub that connects six of the seven class one railroads. Asking rental rates are $4.70

Roads 41
article thumbnail

FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

Less Taxing,” aired for six months in the NY/NJ/CT, Boston and Chicago markets. The city has created two Tax Increment Financing Districts with a third in process, to expand the municipal infrastructure to industrial and commercial zones. The City has two HUB Zones through SBA, and is a New Market Tax Credits eligible community.

El Paso 106
article thumbnail

Logistics: No Drivers Needed

Business Facilities

From the September/October 2017 Issue. There are also 12 new residential subdivisions planned, and the county recently added 350 acres zoned industrial, which can accommodate more than 3 million square feet of new development. Markets as widespread as Chicago, Boston and New York City, are all easily within a day’s drive.