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3 affordable housing projects that serve as social catalysts

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Eleven million people in this country are paying more than half of their income for rent, and these are low-income people,” says Richard Burns, CEO of the NHP Foundation, a national not-for-profit provider of affordable housing. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).

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Location Focus: New York – The Empire State Leverages Its Strengths

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Business will be able to locate in these special university economic zones and operate 100 percent tax-free for 10 years, with no income tax, business or corporate state and local taxes, no sales tax, no property tax, no franchise fees, and in many cases, no income tax for employees.

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Pennsylvania Incentives and Workforce Development Guide

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High Performance Building Program (HPB): (newpa.com/hpb) Provides financial assistance in the form of grant or loan funds that will be used by eligible applicants to underwrite the cost premiums associated with the design and construction or major renovation of high performance buildings in the Commonwealth.

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When office-to-residential conversion works

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Office buildings are worth more” than residential as income generators, she explains. That may be why Philadelphia converted more units from office to residential than any other major US city in 2020 and 2021, according to a report by RentCafé (followed by DC, with New York rounding out the top ten).

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FEATURE STORY: 2013 Economic Development Awards

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BCDC is focusing on industrial, technology and commercial growth sectors, putting New Jersey’s Urban Transit Hub Tax Credit to good use to secure capital investments of more than $50 million for large-scale renovation or new construction projects. Philadelphia Regional Port Authority; El Paso, TX Foreign Trade Zone No.

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Industry Focus: Aerospace Sector Is Flying High Again

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billion in corporate federal income taxes and $4.1 billion in state and local income taxes in 2014, a $1.5 Additionally, individual income taxes paid totaled $23.9 Atlantic County, NJ borders the Jersey Shore and is less than an hour drive to Philadelphia, two hours to New York City and three hours to Washington, DC.

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Advanced Manufacturing: Manufacturing Gets Smarter, Faster

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That, along with a strong economy and zero personal state income tax, make it a great place to do business. The state’s central location, as a gateway between the American South and Midwest and with easy access to the Northeast and Atlantic Seaboard, is within a day’s drive of two-thirds of the nation’s population and household income.