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Deepwater Horizon: Three Years Later

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The five states that were impacted by the Deepwater Horizon disaster (including 665 miles of contaminated coastline), Gulf Coast business owners, the federal government and BP have spent the past three years dancing a slow legal tango that has assessed clean-up costs, fines and other liabilities.

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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GEORGIA IS “MARKET READY”. Georgia’s program, called the Georgia Ready for Accelerated Development Sites Program or GRAD, has helped 30 sites in 28 different communities become GRAD certified with 7 projects locating on GRAD sites to date. Ready for Development in Georgia (Photo: Georgia.org).

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State by State Incentives Guide

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If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

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STATE INCENTIVES GUIDE

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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. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

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