09/23/2022

Taxes & Incentives

This section provides news items related to taxes and US state incentives. If you are seeking our comprehensive, state-by-state list of taxes, incentives, exemptions, funds & capital investment opportunities you should see our updated State By State Incentives Guide. If you are looking for individual listings with contact information you should visit our Business Facilities Site Seekers Guide.

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    Sevier County, Utah

    Discover Sevier County, Utah

    Q&A
    With a strategic location, two business parks, and a can-do attitude, Sevier County, Utah is ready for business.
    Louisiana economy

    Louisiana State Focus: The Bayou State

    State Focus
    Known for its spicy cuisine and spirited celebrations, Louisiana is drawing world-class businesses from a range of industry sectors.
    NASL

    NASL, Lutron Electronics Pick Virginia For Manufacturing Projects

    Manufacturing
    North American Specialty Laminations LLC (NASL) will establish a production facility in Roanoke County, Lutron Electronics will create 200 jobs in Hanover County.
    T/CCI Illinois

    T/CCI Manufacturing Awarded First REV Illinois Award 

    Automotive
    The Central Illinois EV Supplier will invest over $20 million to manufacture electric compressors and establish an EV innovation hub in Decatur.
    Ohio jobs

    Ohio: Capturing Attention, And Investments

    Business Report
    In 2022, megaprojects from the semiconductor and automotive industries are boosting the Buckeye State.
    indoor vertical farming

    World’s Largest Indoor Vertical Farming Campus Picks Virginia

    Agriculture
    Over six years, Plenty Unlimited will invest $300 million to build the world’s largest indoor vertical farming campus in Chesterfield County, creating more than 300 jobs.
    opportunity zones

    Qualified Opportunity Zones And Proposed Legislative Changes

    Taxes & Incentives
    Here are five potential impacts of the Opportunity Zones Improvement, Transparency, and Extension Act, proposed in April 2022.
    Silicon Carbide production

    North Carolina Lands World’s Largest Silicon Carbide Materials Facility

    Advanced Manufacturing
    Over the next eight years, Wolfspeed expects to create approximately 1,800 jobs at its new Silicon Carbide Materials manufacturing facility in Chatham County, NC.
    Hemlock Semiconductor Operations (HSC) Michigan

    Michigan Infrastructure Project Supports Semiconductor Growth

    Transportation & Infrastructure
    The Thomas Township infrastructure project will enable Hemlock Semiconductor Operations (HSC) to invest up to $375 million and create 170 jobs.  

    Manufacturing Companies Invest Over $605M In Tennessee

    Manufacturing
    TN Composites will invest $23 million in its Dickson County expansion, Piedmont Lithium will establish a $582 million lithium hydroxide processing, refining and manufacturing facility in McMinn County.

    Two Building Materials Manufacturers Expanding In Georgia

    Advanced Manufacturing
    GAF Materials will invest $146 million in Lowndes County, while YKK AP will invest up to $125 million in its Bibb County expansion.
    iDEAL Semiconductor

    Semiconductor Startup Expands In Pennsylvania

    Advanced Manufacturing
    iDEAL Semiconductor will add 63 jobs and invest $3.4 million in an expansion project in Pennsylvania's Lehigh Valley.
    Fintech Locations

    Forward-Looking Financial Locations

    Industry Focus
    As FinTech activity continues to grow, financial services firms are finding locations with ecosystems to support their burgeoning business needs.
    Nucor Steel Berkeley, SC

    Nucor Will Invest $200M In South Carolina

    Manufacturing
    Nucor will expand its Berkeley County, SC steel manufacturing facility. In Marion County, auto body parts supplier DMA Sales will invest $5M to expand its operations.
    healthcare industry locations

    Looking To A Healthy Future

    Industry Focus
    Significant population shifts, the pandemic, and Industry innovations are shaping the site decisions healthcare and medical device companies are making.
    Opportunity Zones

    Opportunity Zones: Revitalizing Communities

    Feature Story
    Still in its infancy, the U.S. Qualified Opportunity Zone Program shows promise to revitalize both large and small communities.

    Investing In Opportunity Zones

    Feature Story
    As part of the 2017 Tax Cuts and Jobs Act, Qualified Opportunity Zones across the U.S. provide a vehicle to reinvest capital gains for near- and long-term tax benefits.
    Florida Business

    The Sunshine State Is Bright For Business

    State Focus
    Florida offers a thriving economy and competitive cost of doing business­­, coupled with a top-ranked labor force and pro-business climate.
    Bluegrass Bottling Lancaster

    Kentucky Welcomes Nearly 360 New Jobs This Week

    Kentucky
    Bluegrass Bottling will create 27 jobs in Lancaster, Summit Packaging Solutions is bringing 254 jobs to Boone County, and Atlas Machine and Supply’s new Hardinsburg HQ will result in 78 jobs.
    Georgia-Pacific South Carolina

    Pet Supplies Plus, Georgia-Pacific Invest $93M In South Carolina

    South Carolina
    Pet Supplies Plus will create a new distribution center in Orangeburg County, Georgia-Pacific will expand its manufacturing facility in Clarendon County.
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    Rankings & Awards

    2022 Global Rankings

    18th Annual Rankings: 2022 Global Rankings Report

    Awards & Rankings
    The U.S. and China earned the top two spots for Foreign Direct Investment (Worldwide) in Business Facilities’ 2022 Global Rankings Report.
    2022 Metro Rankings

    Business Facilities’ 2022 Metro Rankings Report

    Cover Story
    Metro areas and cities of all sizes are recognized for attracting and retaining businesses from numerous industry sectors in Business Facilities' 2022 Metro Rankings Report.

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    Business Facilities Featured Location Spotlight

    Site Selection

    Location Spotlight: Santee Cooper – CAMP HALL

    Camp Hall is a first-of-its-kind, master-planned industrial work space located in a business epicenter of the South and at the heart of modern Southern culture — Charleston, S.C.

    Business Facilities Featured Location Videos

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    Pennsylvania

    [VIDEO] Made Possible in Lehigh Valley

    The region has been recognized as one of the fastest-growing economies in the nation and is just a short drive away from major mid-Atlantic cities including New York City, Philadelphia, Baltimore, and Washington D.C.


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