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New Jersey Tax Credits Encourage Job Creation, Investment

Business Facilities

Two food manufacturers are considering locating in New Jersey and creating a total of more than 150 new jobs and over $15.4 million in private investment, thanks to Grow New Jersey (Grow NJ) tax credits recently approved by the Board of the New Jersey Economic Development Authority (EDA).

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

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“Not only will this encourage more companies to create jobs throughout New Jersey, it will also give an extra boost to some of our biggest cities,” Gov. These five projects—located in Camden, Neptune, Bridgewater, Newark and Jersey City—are slated to receive a total of approximately $92.9 Christie said. headquarters.

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FEATURE STORY: 2013 Economic Development Awards

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There also were 23 other company relocations and expansions throughout Broward County in 2012, resulting in 1,669 new jobs, 1,689 retained jobs and more than $88 million in new capital investment. Highlights include the largest industrial spec development lease in the last five years in Broward County. The company $7.2-million

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Cover Story: New Energy Powers Growth

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These three new projects amount to over $1.25 Nebraska is the only all public power state in the country, which means wind resources in the state must be sold to Nebraska utilities which have all of the retail customers in the state. The project is self-financed by Solaro Energy President and CEO Dennis Grubb.

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FEATURE STORY: 2014 Economic Development Awards

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In New York City, Long Island and Westchester County, businesses must be start-ups or high-tech companies. Kentucky Cabinet for Economic Development , for the Kentucky New Energy Ventures (KNEV) Fund. Choose New Jersey/NJ Economic Development Authority for Grow NJ (the Grow New Jersey Assistance Program).

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State by State Incentives Guide

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Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Alabama Industrial Access Road & Bridge Program: Provides financial assistance to communities for industrial access to new and expanding industries.

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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 percent of the project costs. It allows for the construction of roads, bridges, etc.

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