article thumbnail

Black Gold Rush

Buisness Facilities Contributed Content

In fact, when President Obama visited Elkhart, Indiana in 2009 to commiserate with a town then suffering from the highest unemployment in the nation (15.3 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.

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. A joint effort by Greater Lafayette (IN) Commerce, the City of Lafayette, Tippecanoe County and the Indiana Economic Development Corp.

Deals 107
professionals

Sign Up for our Newsletter

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

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). Indiana Economic Development Corp.; Led by Indiana Secretary of Commerce Victor Smith, the IEDC is organized as a public-private partnership governed by a 12-member board.

Indiana 108
article thumbnail

Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

We have two winners for this year’s award for Achievement in Site Certification: Indiana Economic Development Corp. for the Indiana Shovel Ready Program and the Tennessee Valley Authority for TVA’s Data Center Site Certification Program. ACHIEVEMENT IN SITE CERTIFICATION.

Indiana 40
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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

2012 Business Facilities Rankings Report

Buisness Facilities Contributed Content

billion in Federal individual income taxes, and $1.9 billion in state individual income taxes. The average annual wage was $114,757, which was 106 percent higher than the state’s total private sector average annual wage of $55,736 (NJ also is one of our top-ranked states in Per Capita Income). Deloitte estimates that the U.S.

Iowa 69