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Innovation Is Thriving In Arizona

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From the July/August 2017 Issue. While the national average of per-capita income going to taxes is 9.9 In addition, Arizona’s taxes on property, gas and personal income remain low compared to the rest of the country. After leasing the U.S. By the BF Staff. percent, here the number is only 8.4

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State by State Incentives Guide

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Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Alabama Industrial Access Road & Bridge Program: Provides financial assistance to communities for industrial access to new and expanding industries. 25 to $1.75

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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.

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

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As part of its portion of $72 million in state incentives for Hankook, the Tennessee Department of Transportation has pledged infrastructure improvements including widening interstate exit ramps and creating a five-lane access road to the Corporate Business Park’s southern entrance near the site of the new plant.

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Industry Focus: Aerospace Sector Is Flying High Again

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billion in corporate federal income taxes and $4.1 billion in state and local income taxes in 2014, a $1.5 Additionally, individual income taxes paid totaled $23.9 This road connects directly to I-95 and the Northeast transportation network. However, despite the decline in employment numbers, the U.S.

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FEATURE STORY: 2014 Economic Development Awards

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Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). million to relocate its headquarters from White Plains, NY to Elkhart, IN and expand its manufacturing operations in Goshen and Elkhart, creating up to 800 new jobs by 2017.

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COVER STORY: Editors’ Location Picks

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Runway 9R-27L, located on the south side of the airport and running parallel to Griffin Road, is now being rehabilitated and lengthened. By 2017, the plant is expected to churn out between 40 and 50 planes per year. The company will continue to maintain a presence at their Norwood location until their final lease ends in 2013.

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