Remove Foundation Remove Income Remove Leases Remove Permits
article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. This can be done through a purchase or lease agreement. This includes creating a detailed project schedule, budget, and phasing plan.

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
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 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

LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

Buisness Facilities Contributed Content

After swallowing that gloomy news, Californians trudged to the polls in November and approved a referendum increasing their state income taxes by a whopping $6 billion a year. Currently, SMUD is building the foundation for the “smart grid.” In the 2000 census, the Barstow area had a median income level of $35,069.

article thumbnail

Location Focus: Florida – Rebounded And Ready

Business Facilities

19 million for Space Florida, $5 million for the Florida Sports Foundation, $74 million for Visit Florida’s tourism marketing and promotion efforts and $71 million for the Department of Economic Opportunity (DEO). The City of Fort Lauderdale helped us with the construction permits needed in order to build our space.

Florida 46
article thumbnail

FEATURE STORY: 2013 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

The Arizona team worked closely with Maricopa County’s air-quality department to obtain the required permits for Apple. Mesa also processed the required permits expeditiously. “This new plant will make components for Apple products and it will run on 100 percent renewable energy from day one.”

Deals 107
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). million to lease, renovate and equip a 56,800 square-foot facility in Munster. WyoRECs™ Renewable Energy Credit Discount Program. Wright Distribution Center) in South Bend.

Indiana 108