article thumbnail

Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Using a formula that takes into account the new tax revenues generated by the 1,612 new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $54 million paid over 12 years. OPPORTUNITY ZONES ARE HERE. The authors of the Opportunity Zones section of the tax reform bill, Sen.

article thumbnail

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
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

COVER STORY: 2013 Business Facilities Rankings Report – State Rankings

Buisness Facilities Contributed Content

Michigan, home to more than 100,000 supplier jobs, is the undisputed heavyweight champ of our new Auto Parts Supplier Leaders ranking, followed by Ohio (89,423) and Indiana (79,651). “We million agreement for Shelton State Community College to support Mercedes-Benz U.S. Earlier in the year, AIDT formalized a $1.6-million

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement.

Income 75
article thumbnail

Cover Story: 2014 Business Facilities Rankings Report

Business Facilities

Not surprisingly, the traditional Northern auto centers (Michigan, Ohio, Indiana) continue to rule the roost as supply chain Jobs Leaders. Last year, the state signed an agreement with Mercedes-Benz that recognizes Shelton State Community College as one of the best in its field in preparing individuals for careers in manufacturing.

Louisiana 111
article thumbnail

COVER STORY: Editors’ Location Picks

Buisness Facilities Contributed Content

The Port of Little Rock, on the Arkansas River is a designated Foreign Trade Zone and a United States Customs Point of Entry. This status allows goods to be stored and processed there without custom duties or bonds being paid until products are finished and sold, or moved out of zone. University of Michigan, Ann Arbor campus.

Omaha 76