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BUSINESS REPORT: Maryland — SSA’s New Data Hub Moves Forward In Urbana

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The General Services Administration’s (GSA) Mid-Atlantic Region and the Social Security Administration (SSA) are collaborating to design and construct the SSA’s new National Support Center in Urbana, MD. The SSA awarded the contract to design and build the new data center to Hensel Phelps Construction, a Colorado-based general contractor.

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State by State Incentives Guide

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TVA Economic Development Loan Fund: A multimillion-dollar revolving loan program designed to stimulate investment and job creation in the TVA region. 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. 25 to $1.75

Income 108
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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.

Income 75