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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

But there’s also uncertainty about how long it will take for society and the economy to truly move forward and recover from this public health crisis—will it be like the malaise from the Great Recession, which lingered longer than the officially designated period of December 2007 to June 2009?—and and what that reality will look like. .

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Advice for Home Builders Navigating a Market in Flux

Pro Builder

However, with increases in interest rates, cancellations, inventories, construction time, and customer concessions, financing expenses are set to go up by an average of between 4% and 5% in the foreseeable future. Private builders are currently experiencing 40% to 50% declines in traffic and sales, and inventories are 21.3%

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SPECIAL REPORT: Steadfast And Strong In The Wake Of Superstorm Sandy

Buisness Facilities Contributed Content

“This plan puts into motion the specific actions we’ve been designing to get relief out as quickly as possible to our Sandy-impacted homeowners and businesses—to reconstruct, rehabilitate and elevate homes, and to get over hurdles for our small businesses to get up and running again,” says Gov. Breezy Point, NY.

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State by State Incentives Guide

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TVA Economic Development Loan Fund: A multimillion-dollar revolving loan program designed to stimulate investment and job creation in the TVA region. Inventory is exempt from property tax. 573), was enacted in 1987 to stimulate business and industrial growth in designated areas of the state that are considered economically depressed.

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STATE INCENTIVES GUIDE

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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. SALES & USE TAX ABATEMENTS: Taxes on construction-related transactions, pollution control devices are exempt from sales and use taxes.

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North Dakota Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans can be used for working capital, inventory and small equipment. The buy down is matched by the community at the designated participation level.