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Industry Focus – Retail: Less Than Six Degrees of Separation

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Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. The health of this industry is a vital economic indicator since sales tend to be driven by personal income, consumer confidence and interest rates. Credit: City of Cape Coral).

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Setting Up the Chart of Accounts: QuickBooks for Contractors

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Each account will correspond to a field on either the Balance Sheet or Income Statement. QuickBooks comes with a default Chart of Accounts, which includes generic accounts that are most commonly used by retail businesses: Accounts like Accounts Receivable, Cost of Goods Sold, Sales of Product Income, and others.

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State by State Incentives Guide

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CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The tax for existing entities accrues as of Jan. 25 to $1.75

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North Dakota Incentives and Workforce Development Guide

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Agriculture Partnership in Assisting Community Expansion (Ag PACE): This program has been established to buy down the interest rate on loans to farmers who are investing in other nontraditional agriculture activities to supplement farm income. The Dakota CDC Main Street Loan Program was created to fill this financing void.

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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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North Dakota Incentives and Workforce Development Guide

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Loans are made by the Bank of North Dakota and are guaranteed by the Export-Import Bank of the United States utilizing their medium-term credits program. Main Street Loan Program: Today’s economy makes it difficult for emerging businesses or businesses in rural areas to get financing.

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Oregon Incentives and Workforce Development Guide

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Oregon Capital Access (CAP) Program: The CAP helps lenders (banks and credit unions) make more commercial loans to small businesses and provides capital for start-up or expansion. Express Bonds: are placed with the borrower’s bank; and . treasury Bills plus 1% APR (4% minimum APR); and a 1.5% loan origination fee.

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