Remove Foundation Remove Income Remove Leases Remove NJ
article thumbnail

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

Buisness Facilities Contributed Content

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. Nearly two dozen companies currently call the CCIT “home.”.

article thumbnail

FEATURE STORY: 2014 Economic Development Awards

Buisness Facilities Contributed Content

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.

Indiana 108
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. 25 to $1.75

Income 108
article thumbnail

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.

Income 75
article thumbnail

Advanced Manufacturing: Manufacturing Gets Smarter, Faster

Business Facilities

Taking advantage of that strong educational and training foundation is the new BRIDG (Building the Innovation Development Gap) facility at NeoCity in Osceola County. That, along with a strong economy and zero personal state income tax, make it a great place to do business. BIOGENESIS PICKS PATERSON, NJ. The firm will spend $6.7

article thumbnail

Industry Focus: Aerospace Sector Is Flying High Again

Buisness Facilities Contributed Content

billion in corporate federal income taxes and $4.1 billion in state and local income taxes in 2014, a $1.5 Additionally, individual income taxes paid totaled $23.9 Tax Foundation. ATLANTIC COUNTY, NJ: A LEADING EDGE LOCATION. However, despite the decline in employment numbers, the U.S. billion in 2014, a 9.9

article thumbnail

Cover Story: New Energy Powers Growth

Buisness Facilities Contributed Content

The foundation work for the Highland turbines started last fall and should be done by the end of the year, with the turbines and the more than 650 blades set to go up by the end of 2015. In 2013, the Garden State’s solar industry grew to 6,500 workers, up from 5,700 workers in 2012, according to The Solar Foundation.