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INDUSTRY FOCUS: Soaring To New Heights

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The Aerospace/Defense industry reported its third consecutive year of record revenue and profit last year. The uptick came on the strength of a surging commercial aviation market that more than offset a soft defense performance. For 2012, the top 100 Aero/Defense companies reported a record-setting $695 billion in revenue and $59.8

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Iowa: Moving To The Top Of The Class

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Governor Kim Reynolds is calling on educators, employers and legislators to collaborate to add 120,000 Iowans with postsecondary degrees or credentials to the state’s workforce by 2025. Regional manufacturers, along with the Quad Cities Chamber of Commerce, are now working together to embrace Industry 4.0 By the BF Staff.

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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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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: Logistics Clusters Are Jobs Magnets

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According to Sheffi, logistics clusters are “huge employment engines.”. The I-69 Corridor serves industry clusters including automotive, defense, aerospace, medical devices and green technology. Qualifying businesses in the corridor can apply for Next Michigan real and personal property tax abatements and tax-free Renaissance Zones.

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LOCATION FOCUS: Texas: Big Heart, Country, Business

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By December 2011, Texas employers had replaced all of the jobs shed during the recession compared with the nation’s 44 percent recovery. The MDC has the ability to structure incentive packages to qualified new and existing employers who create and retain diversified jobs. The Foreign-Trade Zone Program adds to Port Freeport’s appeal.

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Advanced Manufacturing: Manufacturing Gets Smarter, Faster

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Already a top state in aluminum-production capacity, Kentucky boasts an auto-parts supplier network of more than 500 facilities and a demonstrated commitment to training the next generation of advanced manufacturing specialists, tailor fit for the needs of individual employers.