article thumbnail

Energy Innovation: Solar Energy Solutions Continue to Gain Momentum

Pro Builder

megawatts of power with a canopy of solar panels atop a parking garage in downtown Minneapolis. Located on 10 acres in a Denver suburb, it serves some 500 low-income homes. . Advocates noted farmers are paid to lease the land, and animals can graze beneath the solar panels. CEF generates 1.37 In Montgomery County, Md.,

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

FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

Highlights include the largest industrial spec development lease in the last five years in Broward County. Gaining Honorable Mention Awards in this category were Greater MSP (Minneapolis Saint Paul Regional Economic Development Partnership) and Columbus (OH) 2020.

El Paso 106
article thumbnail

Cover Story: New Energy Powers Growth

Buisness Facilities Contributed Content

In November 2013, a new generation of biofuels debuted at this Penn Minnoco station in south Minneapolis. In November, E15 and E30, a new generation of biofuels, made its official debut in Minnesota’s Twin Cities at a ribbon-cutting ceremony at Penn Minnoco in south Minneapolis. These three new projects amount to over $1.25