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Industry Focus: Global Aerospace Production Soars To New Heights

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FLORIDA: GATEWAY TO SPACE. Florida has long been the world’s premier gateway to space, the undisputed commercial air traffic hub of the Americas and a major location for flight training and maintenance, repair and overhaul (MRO). Embraer has launched several other projects throughout Florida.

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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. 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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BROWNFIELD DEVELOPMENT TAX ABATEMENTS: Gives cities and counties the ability to abate the following: Non-educational city and county sales & use taxes; Non-educational state, city and county property taxes—up to 20 years; Mortgage and recording taxes. This includes property such as microscopes, chemical reagents, and software.

Income 75