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Millionaire Sitt Invests $1 Million To Improve NYC Airport Infrastructure; Launches Global Gateway Alliance

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Sitt, CEO of Thor Equities is taking it upon himself to improve the infrastructure of New York City’s airports. Other Global Gateway Alliance board members include: Stuart Appelbaum, President, Retail, Wholesale and Department Store Union. Dan Glickman, Former Congressman and U.S.

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State Focus: Arkansas – Easy To Reach, Easy To Grow

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Arkansas’s railroad infrastructure includes three Class I systems: Union Pacific, BNSF Railway, and Kansas City Southern Railway. Union Pacific operates major yards in Little Rock and Pine Bluff, along with a locomotive repair facility in North Little Rock.

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COVER STORY: Global Biotech Report

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The federal government and the European Union provide additional double-figure million Euro funding. Next to this, a number of Bavarian biotech companies receive grants by the European Union for their research and development projects. One recent investment was made by the biopharmaceutical company Union Chimique Belge (UCB).

Florida 63
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Cover Story: 2014 Business Facilities – Metro And Global Rankings

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Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009. The Institute will achieve this through leadership in pre-competitive advanced research and partnerships across defense, aerospace, automotive, energy, and consumer products industries.

Metro 111
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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. EQUITY INVESTMENT TAX CREDIT: Targeted toward new, technology-based businesses that pay wages in excess of the state or county average wage. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75
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State by State Incentives Guide

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Companies must be less than five years old; have an annual payroll between $100,000 and $1 million; show proof of an equity investment of at least $250,000; pay at least 150% of the lesser of the state or county average hourly wage where the business is located; and meet requisite payroll thresholds. See onegeorgia.org/programs/esb.

Income 108