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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee, Virginia and Alabama are the top-ranked states, respectively, in BF’s flagship Best Business Climate ranking. Nevada and Alabama rounded out the top five in Economic Growth Potential, followed by Utah, Florida, Louisiana, Missouri and Mississippi. Business Facilities’ 15th Annual Rankings: State Rankings Report.

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Cover Story: 2014 Business Facilities Rankings Report

Business Facilities

Name a growth sector—digital media, advanced manufacturing, IT/software—and Louisiana has a specific program geared to welcome new players, with a proven track record of successful startups. Mercedes’ decision was a game-changer: the German automaker’s arrival opened the door for other industrial giants to come to Alabama.

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State by State Incentives Guide

Buisness Facilities Contributed Content

ALABAMA - updated for 2014. Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Businesses that request CAPCO investment funding must meet certain criteria and requirements set by the Alabama Development Office.

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COVER STORY: 2012 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

Entries from 17 states that jousted for our top awards included a biotech mega-complex in Georgia, a world- class commercial aircraft assembly facility in Alabama, a yogurt plant in Idaho and even a refinery in Philadelphia. The new plant will be a green facility—it is expected to meet LEED Construction Certification environmental standards.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. 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.

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