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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

A state may have the largest installed capacity of a certain type of renewable energy, but that state won’t meet its renewable energy portfolio standard’s goal if only 10 percent of its electricity is generated from renewables. North Carolina, Colorado and Virginia topped the chart in BF’s flagship Economic Growth Potential ranking.

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SPECIAL REPORT: The Carolinas Are Bringing The Business

Buisness Facilities Contributed Content

ElectriCities service area. Photo: ElectriCities.). In April, South Carolina’s unemployment rate dropped to 8 percent, its lowest in five years. That same month saw North Carolina’s unemployment rate fall to 8.9 A number of companies have announced expansions and/or relocations to the Carolinas in the recent past.

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Workforce Training: Engineering A Skilled Workforce

Buisness Facilities Contributed Content

Culpeper’s five strategically located Tech Zones provide incentives to qualified technology zone businesses. In addition, businesses that qualify for technology zone grants will receive reimbursements up to 100 percent of the cost for building permits and site plan review permits for the property subject to technology zone grants.

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Logistics: On the Road, Water or Rails…or in the Air — AGAIN

Business Facilities

Through the Enterprise Zones Program business and industry can realize state incentives such as Job Creation Grants and Real Property Investment Grants, while also realizing a number of local tax and other incentives. And the local electric distribution cooperative has offered zero-interest loans to assist in upgrading infrastructure.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Appalachian Regional Commission and Delta Regional Authority Grants: Federal-state partnerships that work with the people of 37 Appalachian counties in Alabama and the Mississippi Delta region’s twenty Alabama counties to create opportunities for self-sustaining economic development and improved quality of life.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. Applicants must meet the same qualification criteria as Advantage Arkansas and must be approved by the Arkansas Economic Development Commission.

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Industry Focus: Food Processing – The Process Of Consistency

Business Facilities

Competitive electric costs, coupled with the convenience of responsive local utilities, have helped foster an environment where companies want to invest. As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods.