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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

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Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. The key to that positive change resides in the same place in California it did in North Dakota—buried more than a mile underground in the middle of a huge shale deposit.

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Cover Story: New Energy Powers Growth

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Early estimates for 2013 production project that output in PA topped 3 trillion cubic feet last year. State officials estimate more than 240,000 people are working in jobs created or made more prosperous by the Marcellus and Utica shale gas plays. These three new projects amount to over $1.25 billion in project investment.

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State by State Incentives Guide

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations.

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Industry Focus: Aerospace Sector Is Flying High Again

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The top states, in descending order, are: California, Washington, Texas, Florida, Arizona, Connecticut and Kansas. Located on the Grounds of the FAA Technical Center, the Stockton Aviation Research and Technology Park (SARTP) currently is leasing space on its 58-acre campus. This does not include those employed in the public sector.

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STATE INCENTIVES GUIDE

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The program offers the following incentives: Transaction Privilege Tax Exemption (TPT Exemption) on purchased qualifying equipment and leased or rented qualifying equipment. CALIFORNIA.

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