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State by State Incentives Guide

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Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones. Must expand its labor force, make new capital investment, or prevent loss of employment.

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

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Shovel-ready certification is becoming popular nationally,” said John Rhodes, a leading national site-location consultant with Moran, Stahl & Boyer of Lakewood Ranch, Florida, who worked with the State of Minnesota on its Shovel Ready Program. MINNESOTA IS GETTING READY TO DIG SOME NEW GROWTH. Cloud, Minnesota.

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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. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

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Feature Story: 2016 Economic Development Awards

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Trainees must be guaranteed full-time employment upon successful completion of the training program. The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. The stem-cell market currently is valued at about $1.4 billion, but it is expected to grow into a $160-billion industry by 2030.

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