What are Economic Development Incentives for Businesses? An economic development incentive is generally known as cash or near-cash assistance provided by federal, state, and local governments. These incentives are employed to attract or retain business operations within their jurisdiction. Incentives come in many forms, from financial support to in-kind-support, and tax credits. What are the …
The recent 7.2 magnitude earthquake in Taiwan has spotlighted implications as it relates to the global supply chain. Taiwan is home to many chipmakers; Taiwan Semiconductor Manufacturing Co (TSMC) is the world’s largest contract chipmaker, and a major supplier to brands like Apple. In fact, most semiconductor manufacturing is done in southeast Asia. The United …
The pecan processing facility would bring 120 jobs to Dothan By Business Alabama Staff March 11, 2024 New Mexico-based Southern Roots Nut Co. plans to open a pecan processing facility in Dothan, creating 120 jobs. The company chose Dothan over a competing location in Georgia. The company will invest $16.6 million to outfit an existing …
Written by Jenae Valentine for Area Development Magazine Public Private Partnerships (P3s) are vital to a community’s growth. Collaboration between the public and private sector fosters opportunities like development projects that result in creating or retaining jobs as well adding to the tax base of a community. Land development isn’t the only benefit to these …
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