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USDA Awards Loans To Boost Rural Economic Development In Five States

Buisness Facilities Contributed Content

Department of Agriculture’s (USDA) ongoing efforts to boost opportunity in rural communities, Agriculture Secretary Tom Vilsack has awarded six low-interest loans to local governments and community organizations that will spur rural economic development in Missouri, Florida, Georgia, North Carolina and Texas. Gainesville. $1

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A New Wave of Intentional Communities

Natural Building

The East Wind Community is hidden deep in the Ozarks of southern Missouri and calls itself an “income-sharing, egalitarian community” They have 1,145 acres of largely undeveloped highland forest. East Winders in front of REIM, which houses the community’s laundry room and a music studio. photo credit…George Etheredge.

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Industry Focus – Retail: Less Than Six Degrees of Separation

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The health of this industry is a vital economic indicator since sales tend to be driven by personal income, consumer confidence and interest rates. Lower gas prices are creating more discretionary income to save, pay down debt and spend on travel, eating out and personal services. Find them in Booth S494P.

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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. Nevada and Alabama rounded out the top five in Economic Growth Potential, followed by Utah, Florida, Louisiana, Missouri and Mississippi. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business.

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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: 2013 Economic Development Awards

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Jasper County, which includes Joplin, has been named Missouri’s first national ACT “Career Ready Certified” community (Missouri is one of only four state’s that have made it to ACT’s second round). Oswego County is experiencing a growth spurt in the food processing sector.

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