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BUSINESS REPORT: Tennessee Initiates Site Certification Program

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The southern states are known for smart, savvy and successful approaches to economic development and Tennessee is no exception. A clear path to acquiring or leasing the property must be identified and documented. As mentioned earlier, Tennessee is a popular business destination thanks to its rural and urban site preparedness.

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

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Shovel Ready Silver certified sites means that its documentation is less than one year old and has proper zoning and infrastructure built to the property. The program requires that the designated sites go through a rigorous checkless to ensure they have all the necessary infrastructure, zoning and other characteristics needed for development.

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State by State Incentives Guide

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone.

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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 principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company.

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