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INDUSTRY FOCUS: Soaring To New Heights

Buisness Facilities Contributed Content

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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Cover Story: 2014 Business Facilities – Metro And Global Rankings

Business Facilities

The entrepreneurs found Hagerstown from the suburban Washington, DC area and as far away as South Carolina. The Port currently has service by two Class I railroads, Norfolk Southern and CSX—both offer double-stack service to critical manufacturing and population centers. Together, they employ thousands. Samsung Electronics Co.,

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professionals

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State by State Incentives Guide

Buisness Facilities Contributed Content

Must expand its labor force, make new capital investment, or prevent loss of employment. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone. The credit is 20% of the actual costs limited to the employer’s income tax liability. WORKFORCE DEVELOPMENT . The maximum grant is $1.5

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

FULL EMPLOYMENT ACT OF 2011: Businesses with 50 or fewer employees may receive a one time income tax credit equal to $1,000 per new job paying over $10 per hour. EMPLOYER EDUCATION CREDIT: A tax credit is statutorily available to employers who provide approved basic skills education programs to Alabama resident employees.

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