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The Road to Recovery in Detroit

Buisness Facilities Contributed Content

The finances of a city once the center of the automotive universe are in the hands of an unelected manager appointed by Michigan’s governor. Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009. These have been dark days for Detroit.

Detroit 51
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Cover Story: 2014 Business Facilities – Metro And Global Rankings

Business Facilities

Some heavy business hitters also are placing huge wagers on Detroit’s recovery, most prominently Quicken Loans founder Dan Gilbert, a native son of Michigan, has spent more than $1 billion to acquire 3 million square feet of real estate in the heart of downtown Detroit. The cranes were also part of the agreement.

Metro 111
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State by State Incentives Guide

Buisness Facilities Contributed Content

A business that applies for the exemption must enter into an agreement with the Governor of Alabama. The incentive is available for non-retail businesses engaged in commerce for profit that fall into certain categories. New, full-time, permanent employees must be hired within 24 months of the date the financial agreement is signed.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Companies must be less than 5-years old; have an annual payroll between $100,000 and $1 million; show proof of an equity investment of at least $250,000; pay at least 150 percent of the lesser of the state or county average hourly wage where the business is located; and meet requisite payroll thresholds. Employees must be Arkansas taxpayers.

Income 75