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SPECIAL REPORT: The Carolinas Are Bringing The Business

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Manufacturing continues to be a real wealth and job creator across South Carolina,” said Hitt. May was also a good month for North Carolina—the month it was announced that Cape Fear Arsenal Inc. The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $490,000.

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State by State Incentives Guide

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Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. For a list of state economic development agencies, click this link.

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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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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. When shipping on land, Interstate 40 runs from North Carolina on the east to California on the west and runs straight through the middle of Arkansas. effective buying income.