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Business Facilities’ 2015 State of the Year: Alabama

Buisness Facilities Contributed Content

Business Facilities’ 2015 State of the Year: Alabama originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. When you talk to folks in Alabama, you might think from the slow-and-easy rhythm of conversation in the Deep South that nobody’s in a hurry to do anything.

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FEATURE STORY: Accelerating In Alabama

Buisness Facilities Contributed Content

Bentley is implementing in Alabama. Bentley detailed for us in an exclusive interview with Business Facilities , Alabama is moving full speed ahead with a dynamic growth strategy that is rapidly transforming the state into an economic powerhouse. Mercedes is a great cheerleader for Alabama.”. They better think again.

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Business Facilities’ 2015 State of the Year: Alabama

Buisness Facilities Contributed Content

When you talk to folks in Alabama, you might think from the slow-and-easy rhythm of conversation in the Deep South that nobody’s in a hurry to do anything. The Crimson Tide is rolling, big time, and now it’s brought in our top honor: Alabama is BF’s 2015 State of the Year. billion haul in capital investment for Alabama.

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Not So Wild A Dream

Buisness Facilities Contributed Content

That lack of good road certainly did not help the growth prospects in Northwest Alabama, which historically based its economy on natural resources—coal and pulpwood—and smaller cottage industries. Interstate 22 will open up Northwest Alabama. Following the U.S. That should happen by early next year.

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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

Taxpayers may apply 10 percent of the total credit amount per year over a ten-year period against their corporate business tax, insurance premiums tax or gross income tax liability. Denver International Airport and three reliever airports create a solid foundation for 15,910 workers directly employed by aviation companies. Plains U.S.

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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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