Remove Education Remove Income Remove Railroad Remove Security
article thumbnail

BUSINESS REPORT: Virginia’s High-Tech Economy Keeps Growing

Buisness Facilities Contributed Content

It is a right-to-work state, has a fixed 6 percent corporate income tax rate and has one of the lowest average workers’ compensation costs and unemployment burdens in the U.S., The Virginia Economic Development Partnership worked with Chesterfield County and the Chesterfield ED Authority to secure the project, while Gov.

article thumbnail

Ports And FTZs: Enter With Less Risk

Business Facilities

An airport of entry (AOE), usually designated with the word “international”, provides customs and immigration services for incoming flights. Ports also play a role in national security by supporting the mobilization, deployment and resupply of U.S. military forces. stay competitive with foreign manufacturers and suppliers.

Risk 40
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Location Focus: Illinois – Trying to Make Headway in Every Way

Business Facilities

percent for a secure, 30-year fixed-rate mortgage. Arlington Heights is a growing, thriving community just northwest of Chicago, home to 76,000 residents with an average household income of $95,000. Quinn launched the Welcome Home Illinois program in April. Quinn said. 1871 has become a true entrepreneurial hub for our state.”.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

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. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75
article thumbnail

Global Growth Surge in Southwest Louisiana

Business Facilities

With two university systems bracketing the parish to the east and west, an educated workforce is just part of the package. There are 2-Class I railroads, Burlington Northern Santa Fe (BNSF) and the Union Pacific (UP) that serve the parish and a short line that accesses the major industrial areas. The Port has secured $56.8

article thumbnail

New Mexico Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

In addition, a taxpayer who holds an interest in a qualified generating facility in New Mexico that files a corporate income tax return may claim a credit for 6% of the eligible generation plant costs of a qualified facility. The corporate income tax credit is 30% of eligible costs up to $30,000 in any taxable year.