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BUSINESS REPORT: Carolinas Put Out A Welcome Mat for Business from Far East

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Bev Perdue of North Carolina and Gov. Nikki Haley of South Carolina both had the same target in mind when they headed trade missions to Japan recently: bringing back the bacon for their states. billion in South Carolina since 2006. South Carolina: Global Tire Center. By Ed Felton. Bev Perdue and N.C.

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State by State Incentives Guide

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SB 1128 builds upon the current sales tax exemption program administered by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) by including “advanced manufacturing” companies in industries such as biotechnology, computers, appliances, machinery, furniture, fabricated metals and transportation goods.

Income 108
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Cover Story: 2014 Business Facilities Rankings Report

Business Facilities

South Carolina played to its strength—manufacturing—and got big boosts from Boeing’s decision to put its assembly plant in North Charleston, and from several new tire plants. The Salt Lake City area is a leading hub for advanced aerospace manufacturing and composites fabrication. percent from a Recession high of 12 percent.

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STATE INCENTIVES GUIDE

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Participating companies are compensated by being able to reduce their federal income tax liability with a tax credit between $1,200 and $9,000 per qualified employee, depending on the target group. COST-CUTTING & OMBUDSMAN SERVICES: The MEDC helps companies save money through Workers’ Compensation Cost Control Service.

Income 75