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State by State Incentives Guide

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If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

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STATE INCENTIVES GUIDE

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

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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Additional construction will continue into 2016 and the plant is anticipated to begin commercial production in 2018. Cloud’s Airport Industrial Park, an area certified as “Shovel Ready” under the Minnesota Department of Employment and Economic Development (DEED) Shovel Ready Site Certification Program. This is the first U.S.

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Feature Story: 2016 Economic Development Awards

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The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. In his spare time, Stenger and his partners have been raising EB-5 funding for nearly $600-million worth of projects in Vermont, including expansions at Jay Peak and nearby Burke Mountain, and a new hotel and airport upgrade in Newport, VBM reports.

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