article thumbnail

June 26 or Bust

Buisness Facilities Contributed Content

The Port Authority of NY and NJ, which operates one of the nation’s busiest ports, is working non-stop to complete a project to raise the Bayonne Bridge to a height that will permit Post-Panamax vessels to travel under it. Will the expanded Panama Canal finally be open for business next month?

article thumbnail

Home Stretch

Buisness Facilities Contributed Content

The expanded Canal will permit super-sized Post-Panamax container vessels to travel directly to the East and Gulf Coasts of the U.S. .” Project managers and Canal Authority execs are giving firm assurances that the ribbon will be cut before the end of May. for the first time.

NJ 40
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2012 Business Facilities Rankings Report

Buisness Facilities Contributed Content

California, NJ, PA Are Biotech Behemoths. New Jersey recently increased its research and development tax credit program from 50 percent to 100 percent, providing technology companies additional yield on their investments in NJ. Leaders NJ and IN have strong specialized employment in 4 of 5 sectors.

Iowa 69
article thumbnail

Battle of Bayonne

Business Facilities

A sister bridge of the same design, the Sydney Harbour Bridge, was built in Australia but somehow ended up 25 inches shorter than its relative in NJ, At the Bayonne Bridge dedication ceremony, representatives from the Sydney Harbour Bridge Commission participated in the ribbon-cutting ceremony where a pair of custom-made golden scissors was used.

article thumbnail

Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

million investment in Edison VIII, an offering of the VC firm Edison Partners, founded in 1986 and currently based in Princeton, NJ. NJEDA says that by investing more than $40 million in venture capital funds it has been able to leverage its investment in NJ businesses to more than 62 times that amount—about $2.5 for the first time.

Indiana 40
article thumbnail

FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

Buisness Facilities Contributed Content

These ports are reminding cross-country destinations that they can still get containers to them faster over land than it will take the big ships traveling through the Canal to reach East and Gulf Coast Ports. Rendering of the Bayonne Bridge, as it will look after it is raised to permit passage of Post-Panamax container vessels.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The capital credit is used only after all other deductions, losses or credits permitted under Titles 40 and 41 of the Code of Alabama 1975. The business must obtain a direct-pay sales and use tax permit from the State of Arkansas. This credit cannot be carried forward or back, and cannot be used to generate a refund to the taxpayer.

Income 75