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New Jersey’s CCIT Helps Companies Generate Over $130M In Revenues

Buisness Facilities Contributed Content

million through state financing. Now headquartered in South Plainfield, NJ, GENEWIZ employs more than 700 people across 12 facilities at major biotech hubs around the world. Visikol received a $500,000 commitment from New Brunswick-based Foundation Venture Capital Group, LLC. The companies also obtained more than $10.6

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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee is proud to be a right-to-work state with no personal income tax on wages. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Cory Booker of NJ and Sen. The authors of the Opportunity Zones section of the tax reform bill, Sen. that need it the most.

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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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STATE INCENTIVES GUIDE

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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.

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FEATURE STORY: 2014 Economic Development Awards

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Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). Choose New Jersey/NJ Economic Development Authority for Grow NJ (the Grow New Jersey Assistance Program). WyoRECs™ Renewable Energy Credit Discount Program.

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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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FEATURE STORY: 2013 Economic Development Awards

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Less Taxing,” aired for six months in the NY/NJ/CT, Boston and Chicago markets. 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.

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