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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. OPPORTUNITY ZONES ARE HERE. TN TOPS IN BUSINESS CLIMATE.

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Workforce Training: Engineering A Skilled Workforce

Buisness Facilities Contributed Content

Culpeper’s five strategically located Tech Zones provide incentives to qualified technology zone businesses. In addition, businesses that qualify for technology zone grants will receive reimbursements up to 100 percent of the cost for building permits and site plan review permits for the property subject to technology zone grants.

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SPECIAL REPORT: The Carolinas Are Bringing The Business

Buisness Facilities Contributed Content

The state is providing $120 million in incentives for upfront expansion costs such as utilities and site preparation. Our state could very well become the aerospace hub, when you bring all these suppliers in here to supply not only Boeing but possibly Airbus in Alabama,” he said. COLLABORATION, INNOVATION IN WINSTON-SALEM.

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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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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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Industry Focus: Logistics – Going With The Flow

Buisness Facilities Contributed Content

The Midwest Inland Port is served by a Foreign Trade Zone and provides local Customs Clearing, features that are being enhanced to provide a more robust set of service offerings. The Santa Teresa and Columbus ports-of-entry have overweight cargo zones with a six-mile radius for trucks carrying a reducible load up to 96,000 lbs.

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COVER STORY: Editors’ Location Picks

Buisness Facilities Contributed Content

The Little Rock National Airport is operated by the Airport Commission, whose members are appointed by the Little Rock City Board of Directors. The Port of Little Rock, on the Arkansas River is a designated Foreign Trade Zone and a United States Customs Point of Entry. The mountains of northern Alabama are within a few hours drive.

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