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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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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

Buisness Facilities Contributed Content

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

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.

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FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

The finalists for our new overall Economic Development Excellence awards were asked to prepare a detailed submission that summarized the most productive project development in their locations and gave our us an overview of the economic development strategy they have deployed to ensure sustained long-term growth.

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Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

In the Finance category, finalists include organizations focused on construction financing, shared-equity models, and renter programs that support increased savings and equity. CoFi is piloting a new modular construction financing program with Manufactured, an end-to-end inventory manufacturing & finance solution.