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.



Barron Industries Michigan

Barron Industries To Invest Over $9M, Create 50 Jobs In Michigan

Advanced manufacturer Barron Industries will invest $9.1 million to expand its Oxford operations. Plus, five more companies grow in Michigan.
Polar Semiconductor Minnesota

Polar Semiconductor To Invest $525M In Minnesota Expansion

Polar Semiconductor will expand its Bloomington, MN manufacturing facility, with $120M in support from the U.S. CHIPS and Science Act, $75M from the Minnesota Forward Fund.
NJ FAST

Fintech And Film Industries Grow In New Jersey

In Hoboken, NJ FAST is the Garden State's fourth Strategic Innovation Center and will support R&D, innovation, and entrepreneurship in fintech and insuretech. Meanwhile, Netflix and 1888 Studios tap into film tax credits.
Formetco Georgia

Formetco Opens Digital Manufacturing Facility In Georgia

The pioneer in outdoor advertising and sports venue LED displays has opened a 175,000SF facility in Suwanee. Meanwhile, GF Casting Solutions will invest over $184M in Augusta.
2024 Economic Development Organization Awards

Business Facilities Announces 2024 EDO Awards

The publication for site selection professionals recognizes 24 Economic Development Organizations (EDOs) for their innovative programs that are making an impact.
Rivian Illinois

Illinois Offers Rivian $827M Incentive Package To Expand EV Facility

Rivian plans to invest $1.5B to expand its Normal, IL operations, which will create more than 550 jobs within the next five years.
3M Nebraska

3M Will Invest $67M In Nebraska Expansion

A 90,000-square-foot expansion at 3M's Valley, Nebraska facility will increase the plant's manufacturing capacity and create 40 new jobs.
Topsoe Virginia

Topsoe, ESS Technologies To Invest Nearly $402M In Virginia Expansions

Denmark-based Topsoe will build a $400M factory in Chesterfield County; ESS Technologies will invest $1.6M to increase capacity and expand its operations in Montgomery County. 
Nestlé Purina Wisconsin

Purina, Kikkoman To Invest $995M, Create 183 Jobs In Wisconsin

Nestlé Purina will invest $195 million in an expansion its pet food production facility in Jefferson; Kikkoman Foods will invest $800 million to expand its brewing plant in Walworth and build a new facility in Jefferson.
Trew Ohio

Trew Expanding SW Ohio Manufacturing, Development Campus

Job Creation Tax Credit extension will support automated material handling solutions provider Trew's third expansion in Southwest Ohio in five years.
Boviet Solar Pitt County, North Carolina

Boviet Solar Picks North Carolina For First North American Production Facility

Vietnam-based solar energy technology company will invest $294M and create over 900 jobs, Atlantic Emergency Solutions will invest $1.5M to expand In Pitt County, NC.
Kyle Schulz, Chief Growth Officer, World Business Chicago

Chicago Offers Robust Business Climate

With a clear view on what the future holds, a Chicagoland location is a strong base for business, according to Kyle Schulz, Chief Growth Officer, World Business Chicago.
AWS Indiana

Amazon Makes Largest Investment Announcement In Indiana History

Amazon Web Services (AWS) will invest $11B to create a new data center campus in Northern Indiana, while Toyota will invest an additional $1.4B in Southwest Indiana.
Maryland

Maryland Incentive Programs Target ‘Wide Range’ Of Companies

The Maryland Department of Commerce can tailor support services to the ‘sectors where it will have the greatest impact,’ according to Secretary Kevin Anderson.
Wyoming

Wyoming: Open For Opportunity

Wyoming is the long-standing tax climate leader, and a cross-section of industries are seeing growth in the Equality State .

Samsung And Tesla Projects Impact Austin; Port Of Brownsville Attracts $25M Food Investment

In Williamson County, TX, continued investment by Samsung and Tesla is fueling economic growth, while Westa Foods locates in the south Texas region.

Ready For Business In Pasco County, FL

Bill Cronin, President/CEO, Pasco Economic Development Council, shares how this high-growth region on Florida’s west coast offers sites, facilities, and quality of life.
South Carolina

South Carolina Is ‘Firing On All Cylinders,’ Governor Says

Leaders in The Palmetto State aim to build a ‘high-tech, diverse’ economy and increase awareness of the state’s commitment to its businesses.
New York

New York State Returns To ‘Cutting Edge’ Of Manufacturing, Innovation

Governor Kathy Hochul is committed to continuing to improve New York’s economy through revitalizing business districts and new workforce initiatives.
Connecticut

Connecticut Sees Growth In Workforce, Emerging Industries

A growing population and a digital direction for the financial and insurance industries could set Connecticut up for success.
tax credits

Listen Now: Living And Learning In Lubbock, Texas, With John Osborne, CEO, Lubbock EDA

Lubbock EDA CEO John Osborne discusses business climate and downtown revitalization in the Business Facilities Podcast.
2024 Economic Development Organization Awards

Business Facilities Announces 2024 EDO Awards

The publication for site selection professionals recognizes 24 Economic Development Organizations (EDOs) for their innovative programs that are making an impact.
2023 Deals Of The Year

2023 Deals Of The Year

Entries for Deal of the Year awards spanned industries, investment types, and winning strategies. Here are the stories of this year’s picks.

[VIDEO] Camp Hall – A Next Generation Commerce Park in South Carolina

Camp Hall is a first-of-its-kind, master-planned industrial work space located in Charleston, S.C. As a convergence of people, place and programming, Camp Hall delivers thoughtful infrastructure and logistical features that empower people — and business — to thrive.

Location Spotlight: City of Fontana – Open for Business

From agriculture to steel, from healthcare to transportation, Fontana is an economic powerhouse. Due to its geographic location, Fontana has become a vital hub for the supply chain linking suppliers to businesses to consumers throughout the world.