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State Focus: Minnesota’s Formula For Success

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Thanks to a robust economy and strong workforce, Minnesota attracted more than 150 corporate expansion projects last year, many of them in the Twin Cities. Photo: Minnesota Department of Employment and Economic Development.). The state’s world-class mix of companies is one part of the Minnesota formula for success.

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Cover Story: New Energy Powers Growth

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The Iowa wind energy industry supports up to 7,000 jobs, third in the country in employment related to the wind energy industry. and has four plants in Minnesota. In November, E15 and E30, a new generation of biofuels, made its official debut in Minnesota’s Twin Cities at a ribbon-cutting ceremony at Penn Minnoco in south Minneapolis.

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Shovel-Ready Sites: Ready To Hit The Ground Running

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“Shovel-ready certification is becoming popular nationally,” said John Rhodes, a leading national site-location consultant with Moran, Stahl & Boyer of Lakewood Ranch, FL who worked with the State of Minnesota on its Shovel Ready Program. To achieve certification, sites go through a rigorous review process.

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State by State Incentives Guide

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CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

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Feature Story: 2016 Economic Development Awards

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Pennsylvania’s decision to consolidate hundreds of bridge projects into a single procurement financed by a bond fund managed by a new Public-Private Partnership (P3) should serve as a model for the rest of the country. The $722-million project is the largest private-activity bond financing of a public-private partnership in the U.S.

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STATE INCENTIVES GUIDE

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CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. FULL EMPLOYMENT ACT OF 2011: Businesses with 50 or fewer employees may receive a one time income tax credit equal to $1,000 per new job paying over $10 per hour.

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FEATURE STORY: 2013 Economic Development Awards

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The Alliance has a strong partnership with Broward County’s Workforce One employment center, securing nearly $1 million state and local training assistance for 1,107 employees in local companies. of employment in its biotech sector, anchored by its world-class research institutions, including the Mayo Clinic and the University of Minnesota.

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