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State by State Incentives Guide

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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

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STATE INCENTIVES GUIDE

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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.

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Cover Story: New Energy Powers Growth

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These grants will be available statewide in order to support the commercialization of new technologies leading to the creation of high-paying, sustainable jobs in the commonwealth. States poised for major growth in wind energy in coming years include Iowa, Kansas, Texas, Nebraska, North Dakota and Michigan.

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FEATURE STORY: 2013 Economic Development Awards

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The finalists for our new overall Economic Development Excellence awards were asked to prepare a detailed submission that summarized the most productive project development in their locations and gave our us an overview of the economic development strategy they have deployed to ensure sustained long-term growth.

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Industry Focus: Food Processing – The Process Of Consistency

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Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. In this past year, the Vineland plant implemented parent company General Mills’ program to improve the environmental sustainability of its operations by 2015. million.