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BUSINESS REPORT: Tennessee Initiates Site Certification Program

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The southern states are known for smart, savvy and successful approaches to economic development and Tennessee is no exception. A clear path to acquiring or leasing the property must be identified and documented. As mentioned earlier, Tennessee is a popular business destination thanks to its rural and urban site preparedness.

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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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.

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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. If applying for a transferable credit certificate, no more than half the credit may be applied in a single calendar year. 97% increase in personal property tax exemption.

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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. 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.

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