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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee, Virginia and Alabama are the top-ranked states, respectively, in BF’s flagship Best Business Climate ranking. The reputation of Tennessee’s business climate and skilled workforce has attracted countless world-class businesses to our state. Tennessee is proud to be a right-to-work state with no personal income tax on wages.

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Business Facilities Names 2013 Deal of the Year Winners

Buisness Facilities Contributed Content

According to an impact analysis conducted by Tennessee Valley Authority (TVA), the project also will yield 1,200 indirect jobs as well as direct annual payroll of over $660 million and indirect annual payroll of over $54 million. “The decision by one of the world’s largest tire producers to put its first U.S.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

Bill Haslam (third from left) said Hankook Tire’s decision to invest $800 million in its new TN plant “reinforces [Tennessee’s] goal of becoming the No. Entered By: Clarksville-Montgomery County IDB/State of Tennessee. At that time, the search had been narrowed down to four sites; three in Middle Tennessee and one in West Tennessee.

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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.

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GIVEAWAY #5: AUTODESK SWAG PACK

Construction Junkie

Once subscribed to the newsletter and email address is verified, the participant will be entered to win the Autodesk Prize Pack, approximate retail value of $100. All federal, state or other tax liabilities (including income tax) arising from this Contest will be the sole responsibility of each prize Winner.

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GIVEAWAY #4: MILWAUKEE TOOL PRIZE PACK

Construction Junkie

Once subscribed to the newsletter and email address is verified, the participant will be entered to win the Milwaukee Prize Pack, approximate retail value of $400. All federal, state or other tax liabilities (including income tax) arising from this Contest will be the sole responsibility of each prize Winner.