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H&A Public Incentive Legislation Update

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Quinn signed into a law a bill that extends the life span of enterprise zones for 25 years. The first group of the State’s enterprise zones was set to expire in 2013. The legislation re-establishes California’s international trade offices in order to drive exports and increase direct foreign investment in the Golden State.

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LOCATION FOCUS: United It Stands

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Banking, finance, communication, high technology, retail, manufacturing and agriculture are just some of the many industries prevalent in the Empire State. Financing was assisted through a $5 million Empire State Development Corporation grant and funding through the County of Oswego Industrial Development Agency.

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State by State Incentives Guide

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CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

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FEATURE STORY: 2013 Economic Development Awards

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To achieve that goal, they provide comprehensive assistance to existing businesses and those seeking to relocate, whether they are developing a business plan, looking for the best site, or searching for financing or other assistance. The City has two HUB Zones through SBA, and is a New Market Tax Credits eligible community.

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STATE INCENTIVES GUIDE

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CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.

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Feature Story: 2016 Economic Development Awards

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Pennsylvania’s decision to consolidate hundreds of bridge projects into a single procurement financed by a bond fund managed by a new Public-Private Partnership (P3) should serve as a model for the rest of the country. The $722-million project is the largest private-activity bond financing of a public-private partnership in the U.S.

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New York Incentives and Workforce Development Guide

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FINANCING & GRANTS. CAP can be used with term loans or lines of credit, on financing for working capital needs, technology or facility upgrades, business startups or business expansions. Typical financing structure: 50% Bank Loan. Funds to make Loans are derived from the sale of State-guaranteed bonds.In 40% JDA Loan.