Buisness Facilities Contributed Content

NOVEMBER 4, 2013

are implementing site certification programs called “shovel ready”—meaning that the site is primed and ready for economic development. Cloud’s Airport Industrial Park, an area certified as “Shovel Ready” under the Minnesota Department of Employment and Economic Development (DEED) Shovel Ready Site Certification Program.

Site 49

Site Iowa Tennessee Georgia 49

Buisness Facilities Contributed Content

APRIL 15, 2014

Inventory is exempt from property tax. If applying for a transferable credit certificate, no more than half the credit may be applied in a single calendar year. Bond proceeds cannot be used for working capital or inventory. That is, for property with a fair market value of $1 million, the assessed value would be $200,000.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. INVENTORY TAX EXEMPTION: Effective January 1, 2011, business inventory is exempt from state property taxes (0.25

Income 75

Income Finance Zoning Equipment 75