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Centers of Technology: The Future Is Now

Business Facilities

RHODE ISLAND THINKS BIG. Rhode Island has set its sights on becoming a top hub of innovation. Companies such as GE Digital, Finlays, Richard Branson’s Virgin Pulse and Johnson & Johnson already are establishing innovation labs and offices in Rhode Island, creating hundreds of new jobs.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. This year, a breakthrough was achieved in Rhode Island: a small-scale project still under construction in the waters off Block Island is poised to become the first operational offshore wind power facility in the United States.

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