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BUSINESS REPORT: Life Sciences Grow High-Wage Jobs in the Beehive State

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A recent Utah Cluster Acceleration Partnership study reported that Utah’s life sciences industry grew by 25.8 In addition, each of the major subsectors of the life sciences industry is growing faster in Utah. Utah’s life sciences industry is a source of high-wage jobs. billion in personal income. UTAH FAST FACTS.

Utah 40
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Innovation Is Thriving In Arizona

Business Facilities

While the national average of per-capita income going to taxes is 9.9 In addition, Arizona’s taxes on property, gas and personal income remain low compared to the rest of the country. Mesa has one of the nation’s most unique cybersecurity assets—Arizona Laboratory for Security and Defense Research (AZLabs).

Arizona 76
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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee is proud to be a right-to-work state with no personal income tax on wages. Nevada and Alabama rounded out the top five in Economic Growth Potential, followed by Utah, Florida, Louisiana, Missouri and Mississippi. North Carolina, Colorado and Virginia topped the chart in BF’s flagship Economic Growth Potential ranking. “Our

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2012 Business Facilities Rankings Report

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For example, this year we supplemented our traditional Best Education Climate ranking with a scorecard of the states that emerged out front in the fierce competition for federal Race to the Top education funding. Texas edged out Utah, last year’s top-ranked state for Best Business Climate.

Iowa 69
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State by State Incentives Guide

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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. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995.

Income 108
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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.

Income 75
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COVER STORY: Global Biotech Report

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Its goal is to coordinate companies, research and education institutes to foster collaboration and innovation. LabPMM, San Diego California, opened its German diagnostics Laboratory and Myriad Genetics, Salt Lake City, Utah, set up its central European laboratory in a new building in Martinsried. Other (11 percent).

Florida 63