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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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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. military forces. stay competitive with foreign manufacturers and suppliers. FTZs jumped 24.8

Risk 40
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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

Mesa Mayor Scott Smith, City Manager Chris Brady and Economic Development Director Bill Jabjiniak assisted Apple with its Foreign Trade Zone application to provide real and personal property tax relief for Apple’s investment in the Mesa site. Entered By: Clarksville-Montgomery County IDB/State of Tennessee.

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Packing and Leaving

Business Facilities

announced it will move its manufacturing facility to Tennessee due to concerns over the strict gun-control law enacted in MD. Maryland legislators quickly revised the law to remove some of the offending provisions, but the Italian gun maker said the possibility these restrictions could be reinstated led it to finalize the move to Tennessee.

Tampa 50
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Georgia Ports See Surge In Private Investments, Record Cargo Volumes

Business Facilities

Its completion in the fall of 2018 will cut Atlanta truck traffic by 50,000 trips per year, and expand GPA’s reach into Tennessee, Northeast Alabama and parts of Kentucky. billion in income, $84.1 The GPA broke ground on this inland rail yard in Chatsworth, GA, in FY2017. Adding capacity for motor carriers. percent increase.

Georgia 41
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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. Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones.

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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