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State by State Incentives Guide

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Alabama Economic Development Loan Program: The state has more than 2,300 commercial lending sources with assets of over $61.3 The Alabama Economic Development Loan Program is used to work with commercial lenders for projects in non-entitlement communities. The tax for existing entities accrues as of Jan. The rates range from $.25

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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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New York Incentives and Workforce Development Guide

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Commercial District Revolving Loan Funds: ESD has capitalized over $600,000, making funds available to five community-based corporations to administer and make loans to small retail and service businesses in their service areas. Borrowers must have at least a 10% equity interest in the project or business. 10% Borrower Equity.

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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. Qualifying businesses may receive a credit against the business’ annual state income or corporate excise tax liability. loan origination fee.

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Texas Incentives and Workforce Development Guide

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Commercial and reality television projects are eligible for a cash production grant from 5% to 12.5% Funds must be used for real estate development (acquisitions, construction and/or rehabilitation) to assist a business, which commits to create and/or retain permanent jobs, primarily for low- and moderate-income persons.

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South Dakota Incentives and Workforce Development Guide

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All projects must meet one of HUD’s national objectives, with the primary objective to benefit people of low-moderate income (LMI). South Dakota WORKS: Business/commercial loans for businesses needing working capital. The program allows the state to fund a variety of different projects in small cities and rural areas.

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State Focus: Arkansas – Easy To Reach, Easy To Grow

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Arkansas’s railroad infrastructure includes three Class I systems: Union Pacific, BNSF Railway, and Kansas City Southern Railway. Union Pacific operates major yards in Little Rock and Pine Bluff, along with a locomotive repair facility in North Little Rock. The Metro Little Rock Region has a labor force of more than 480,000.