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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

The TNECD website summarizes Tennessee’s approach to business climate with this credo: “We believe in high expectations, low debt and a pro-business regulatory environment. Texas is the top-ranked state in our new cyber growth potential standings, followed by Virginia, Louisiana, Maryland and Georgia in the top five.

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Cover Story: Global Biotech Report

Buisness Facilities Contributed Content

Our itinerary includes the new Biosciences Training Center, now under construction in Georgia, and a look at the Life Sciences Greenhouses in Pennsylvania, which nurture the seedlings of innovation until they’re ready to blossom into commercial use. Then, it’s back to the U.S., Their cooperation is key to the companies’ success. billion.

Georgia 68
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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

Buisness Facilities Contributed Content

GEORGIA IS “MARKET READY”. Georgia’s program, called the Georgia Ready for Accelerated Development Sites Program or GRAD, has helped 30 sites in 28 different communities become GRAD certified with 7 projects locating on GRAD sites to date. Ready for Development in Georgia (Photo: Georgia.org).

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State by State Incentives Guide

Buisness Facilities Contributed Content

Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. The combined state and local millage rate would then be applied to the assessed value.

Income 108
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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

3 Texas all exceeded 75 on the Index, followed by Maryland, Delaware, DC, Oregon, Arizona, Pennsylvania and Georgia. Custom training at a NM public educational institution may also be covered. The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. ACHIEVEMENT IN CLUSTER DEVELOPMENT.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

BROWNFIELD DEVELOPMENT TAX ABATEMENTS: Gives cities and counties the ability to abate the following: Non-educational city and county sales & use taxes; Non-educational state, city and county property taxes—up to 20 years; Mortgage and recording taxes. The educational facility will also serve as fiscal agent for the project.

Income 75