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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. Tennessee is proud to be a right-to-work state with no personal income tax on wages. OPPORTUNITY ZONES ARE HERE. The authors of the Opportunity Zones section of the tax reform bill, Sen.

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H&A Public Incentive Legislation Update

Buisness Facilities Contributed Content

The Alabama legislature had a very active 2012 session in terms of economic development initiatives. Brown also signed legislation designed to strengthen economic development and international trade in California. Quinn signed into a law a bill that extends the life span of enterprise zones for 25 years.

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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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FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

The Alliance supports the GrowFlorida program designed to provide both technical assistance and access to capital to second-tier, high-growth companies in the area; it also provided assistance to Broward College to establish a new business incubator to promote small business.

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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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FEATURE STORY: 2014 Economic Development Awards

Buisness Facilities Contributed Content

Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). According to the architectural firm involved in the Jacoby project, the facility will be designed to Hollywood standards. ACHIEVEMENT IN WORKFORCE TRAINING.

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Feature Story: Shovel-Ready Sites – Fired Up, Ready To Go

Buisness Facilities Contributed Content

ALABAMA SITES ARE READY FOR JOB-CREATING GROWTH. million aviation technical school is nearing completion at the Fairhope Airport Industrial Park, designated at an Alabama AdvantageSite. It’s not just southern hospitality and charm that are driving economic growth in Alabama. million in capital investments.

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