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New Jersey’s CCIT Helps Companies Generate Over $130M In Revenues

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Including New Jersey’s own Princeton University, tenant companies have collaborated with six of the eight Ivy League universities throughout the country, as well as with cancer research/treatment facilities Sloan Kettering in New York and MD Anderson Cancer Center in Texas. CCIT has graduated over 40 companies.

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

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It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson. NJEDA approved a significant Grow NJ award of up to $39.5 headquarters.

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FEATURE STORY: 2014 Economic Development Awards

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START-UP NY (which stands for SUNY Tax-free Areas to Revitalize and Transform Upstate NY) is an initiative to turn SUNY campuses and other university communities across the state into tax-free communities for new and expanded businesses. In New York City, Long Island and Westchester County, businesses must be start-ups or high-tech companies.

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State Focus: Arkansas – Easy To Reach, Easy To Grow

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Dassault Falcon Jet, the region’s top manufacturing employer and the French company’s largest facility in the world, renewed its lease at the Bill and Hillary Clinton National Airport through 2040. The median per capita income for the MSA is $41,662 as compared to $45,875 for Pulaski County, $43,735 for the U.S.

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State by State Incentives Guide

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Businesses that request CAPCO investment funding must meet certain criteria and requirements set by the Alabama Development Office. The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The tax for existing entities accrues as of Jan. 25 to $1.75

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Housing Market Pushes Buyers to Rentals, Intensifying Demand

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One Maryland landlord said they have leased properties for 20 years and have not seen this type of applicant pool before. Strong job and income growth, as well as fierce competition for for-sale housing, is fueling demand for single-family rentals,” Molly Boesel, principal economist at CoreLogic, said in a release.

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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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