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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

million in state and local performance-based grants (to assist IBM with facility lease costs, building operating costs; workforce recruitment, relocation and internal training costs; and payroll incentives). The company will occupy the new building in early 2019. Upon completion, between 600 and 1,000 new employees will be hired.

Deals 107
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State by State Incentives Guide

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Effective for facilities placed into service between January 1, 2011 and December 31, 2019. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. TAX INCENTIVES.

Income 108
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FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

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The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. Army Corps of Engineers is expected to issue a final report on the feasibility of the project in April 2014. The port and U.S. Congress for authorization. “As