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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee is proud to be a right-to-work state with no personal income tax on wages. Nevada and Alabama rounded out the top five in Economic Growth Potential, followed by Utah, Florida, Louisiana, Missouri and Mississippi. OPPORTUNITY ZONES ARE HERE. The authors of the Opportunity Zones section of the tax reform bill, Sen.

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Ports And FTZs: Enter With Less Risk

Business Facilities

An airport of entry (AOE), usually designated with the word “international”, provides customs and immigration services for incoming flights. Foreign-Trade Zones (FTZs) Program was created in 1934 with the goal of helping businesses in the U.S. About 63 percent of the shipments received at zones involved domestic status merchandise.

Risk 40
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Nucor Direct Reduced Iron Plant Completed In St. James Parish, LA

Buisness Facilities Contributed Content

The $750 million plant is the first of a potential five-phase project in the parish, which is located on the Mississippi River approximately 60 miles north of New Orleans. Nucor’s investment in Louisiana is one of the reasons we have more people working and living with higher incomes than ever in our state.”. James Parish.

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FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

The city has created two Tax Increment Financing Districts with a third in process, to expand the municipal infrastructure to industrial and commercial zones. The city has adopted three NH Economic Revitalization Zones, offering corporate tax credits to qualifying businesses.

El Paso 106
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State by State Incentives Guide

Buisness Facilities Contributed Content

Appalachian Regional Commission and Delta Regional Authority Grants: Federal-state partnerships that work with the people of 37 Appalachian counties in Alabama and the Mississippi Delta region’s twenty Alabama counties to create opportunities for self-sustaining economic development and improved quality of life.

Income 108
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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
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Automotive Industry Focus: Hitting On All Cylinders

Buisness Facilities Contributed Content

MADE IN MISSISSIPPI MEANS QUALITY. Prior to Nissan’s opening, no automobile had been produced in Mississippi. Also in 2015, the plant celebrated production of its 3 millionth vehicle, another exciting milestone for the plant, its workforce and the entire state of Mississippi.