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When office-to-residential conversion works

BD+C

Office buildings are worth more” than residential as income generators, she explains. represents the ideal potential for dated commercial properties as both office vacancies and residential demands soar in urban areas across the country. Generally, the highest and best use for something is office, if there’s a market for it.

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FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

BCDC is focusing on industrial, technology and commercial growth sectors, putting New Jersey’s Urban Transit Hub Tax Credit to good use to secure capital investments of more than $50 million for large-scale renovation or new construction projects. Brick City Development Corp.

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

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It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

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Industry Focus: Aerospace Sector Is Flying High Again

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The smaller commercial aerospace subsector helped offset these losses with a 17 percent increase in jobs in the same period. billion in corporate federal income taxes and $4.1 billion in state and local income taxes in 2014, a $1.5 billion in corporate federal income taxes and $4.1 billion in 2014, a 9.9

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Location Focus: New York – The Empire State Leverages Its Strengths

Buisness Facilities Contributed Content

Business will be able to locate in these special university economic zones and operate 100 percent tax-free for 10 years, with no income tax, business or corporate state and local taxes, no sales tax, no property tax, no franchise fees, and in many cases, no income tax for employees. In 2013, AA Technology Inc.,

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Advanced Manufacturing: Manufacturing Gets Smarter, Faster

Business Facilities

That, along with a strong economy and zero personal state income tax, make it a great place to do business. The state’s central location, as a gateway between the American South and Midwest and with easy access to the Northeast and Atlantic Seaboard, is within a day’s drive of two-thirds of the nation’s population and household income.

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

A central element of the public-private partnership that secured the IBM center is the construction of a mixed-use, $55-million riverfront complex that will be developed by Commercial Properties Realty Trust (CPRT), a real estate investment trust that manages and develops property holdings of BRAF.

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