article thumbnail

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

Buisness Facilities Contributed Content

“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.

Site 49
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

Income 108
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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

Income 75
article thumbnail

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. If the credit exceeds the tax liability, the remaining credit is refundable. The income tax credit earned may be used to offset 50 percent of the investor’s Arkansas income tax liability in any one tax year.

Indiana 40