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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. Names Innovation Hubs.

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 business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement. Must expand its labor force, make new capital investment, or prevent loss of employment.

Income 108
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STATE INCENTIVES GUIDE

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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