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UPDATE: Seven New Locations Added To President Obama’s Promise Zones Initiative

Buisness Facilities Contributed Content

On January 9, 2014, the President announced the next step in those efforts by naming the first five “Promise Zones.” THE PROMISE ZONES INITIATIVE. The five Promise Zones announced are part of the 20 that will be announced over the next three years. so that each partner can work towards improvement and accountability.

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Ports And FTZs: Enter With Less Risk

Business Facilities

Foreign-Trade Zones (FTZs) Program was created in 1934 with the goal of helping businesses in the U.S. According to the National Association of Foreign Trade Zones (NAFTZ), in 2014, goods exported directly from U.S. The value of shipments into zones totaled nearly $660 billion, compared with $798 billion the previous year.

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Industry Focus: Logistics – Going With The Flow

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The Midwest Inland Port is served by a Foreign Trade Zone and provides local Customs Clearing, features that are being enhanced to provide a more robust set of service offerings. Quality higher education is available through local and regional offerings. Several parochial schools provide additional educational choices.

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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. Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act.

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STATE INCENTIVES GUIDE

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ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. The requirements are: Program must have written approval from the Alabama Department of Education. LAMBRA zones are a companion to EZs.

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Cover Story: 2014 Business Facilities – Metro And Global Rankings

Business Facilities

Baton Rouge, LA has had great success in executing its strategy of bringing together business and higher education in innovative public-private partnerships that spur initiatives in new high-growth sectors. Lexington is a diversified growth engine for health and educational services, technology, retail trade, and manufacturing.

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Industry Focus: Food Processing – The Process Of Consistency

Business Facilities

As a designated Foreign Trade Zone (FTZ), Oswego County is designed for the convenient and cost effective production of goods. There also is Arkansas’s state-of-the-art railroad infrastructure comprising three Class I systems: Union Pacific, BNSF Railway and Kansas City Southern Railway.