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Deepwater Horizon: Three Years Later

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The five states that were impacted by the Deepwater Horizon disaster (including 665 miles of contaminated coastline), Gulf Coast business owners, the federal government and BP have spent the past three years dancing a slow legal tango that has assessed clean-up costs, fines and other liabilities.

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H&A Public Incentive Legislation Update

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In separate legislation, company names and the terms of incentives received under the Economic Development for a Growing Economy (EDGE) program will be released by the Department of Commerce and Economic Opportunity.

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FEATURE STORY: 2013 Economic Development Awards

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They operate three industrial parks in Oswego County—the Oswego County Industrial Park in Schroeppel, the Airport Industrial Park in Volney and the Lake Ontario Industrial Park in the city of Oswego—with other sites currently being studied for potential business parks. 68; it is administered through El Paso International Airport.

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State by State Incentives Guide

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If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

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STATE INCENTIVES GUIDE

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It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

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Other states with large shale deposits—including Pennsylvania, Ohio and Louisiana—are moving full speed ahead with large-scale fracking operations. Based on hiring 15 full-time employees, and a state income tax liability of $31,500, an industrial business could realize a five-year state income tax savings of $157,500.

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Feature Story: 2016 Economic Development Awards

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Five states—Louisiana, North Carolina, Wyoming, New Hampshire and Oregon—improved their scores by more than 10 points compared to last year’s Index.]. If the credit exceeds the tax liability, the remaining credit is refundable. AnC Bio is the group’s first venture into the biotech sector.

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