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BUSINESS REPORT: Texas – Innovation Moves Front And Center In Austin

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Targeted Industries: IT & Computer Tech, Energy, Petroleum Refining & Chemical Products, Advanced Tech & Manufacturing, Aerospace & Defense. For its groundbreaking work, the company received a $1 million Small Business Innovation Research award from the Defense Advanced Research Projects Agency (DARPA) in July 2012.

Austin 73
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State by State Incentives Guide

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Inventory is exempt from property tax. Bond proceeds cannot be used for working capital or inventory. No personal property or inventory taxes. That is, for property with a fair market value of $1 million, the assessed value would be $200,000. The combined state and local millage rate would then be applied to the assessed value.

Income 108
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STATE INCENTIVES GUIDE

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Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds may be used to acquire equipment, make leasehold improvements, purchase recycled raw materials and inventory or acquire real property.

Income 75
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LOCATION FOCUS: Texas: Big Heart, Country, Business

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A key ingredient to Texas’ success is a comprehensive job creation strategy focused on six key industry clusters: Advanced Technology and Manufacturing; Aerospace, Aviation, and Defense; Biotechnology and Life Sciences; Information and Computer Technology; Petroleum Refining and Chemical Products; and Energy. billion.

Texas 45