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STATE FOCUS: Kansas Focuses On The All-Around

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The state recognizes that small businesses are critical to the economy and recently eliminated income taxes for many small organizations. Kansas also has no personal property tax, no inventory tax and no franchise tax. For many companies, including Mars Chocolate North America and Home Depot, the destination of choice is Topeka.

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Industry Focus – Retail: Less Than Six Degrees of Separation

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The health of this industry is a vital economic indicator since sales tend to be driven by personal income, consumer confidence and interest rates. Lower gas prices are creating more discretionary income to save, pay down debt and spend on travel, eating out and personal services. Investment Zones & Distinct Communities.

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Location Focus: New York – The Empire State Leverages Its Strengths

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The program transforms State University of New York (SUNY) campuses, private colleges and universities, and university communities across the state into tax-free zones for new and expanding businesses. ?Business Just next door to Long Island MacArthur Airport is Foreign Trade Zone (FTZ) #52.

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State by State Incentives Guide

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Inventory is exempt from property tax. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. That is, for property with a fair market value of $1 million, the assessed value would be $200,000.

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STATE INCENTIVES GUIDE

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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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Location Focus: Illinois – Trying to Make Headway in Every Way

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Arlington Heights is a growing, thriving community just northwest of Chicago, home to 76,000 residents with an average household income of $95,000. Located in the heart of the Midwest and serving as the Agri-business center of America, Decatur, Illinois is poised for its most significant economic development in more than 50 years.

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Feature Story: 2016 Economic Development Awards

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With such a large inventory of bridges and a sizeable backlog of repair needs, we looked to innovative solutions to address the problem,” said PennDOT Secretary Leslie S. Mid-America Commerce Park in Wolcott in White County received the highest certification possible—Shovel Ready Gold.

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