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.



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.
Oklahoma

Oklahoma Sees ‘Tremendous Growth’ In New, Existing Companies

Two economic development programs awarded a combined $13.5 million to more than 175 businesses in 2023 alone, according to the Oklahoma Department of Commerce.
Illinois

Business, Civic Leaders Build On Illinois’ Momentum

Incentives, ‘leading infrastructure,’ and a skilled workforce contribute to the influx of companies making moves in the Land of Lincoln.
BENTELER Steel/Tube Manufacturing Corporation

Louisiana Announces Over $58M In Manufacturing Investment In One Day

The three manufacturing projects announced today will create or retain approximately 600 jobs at locations in Northwest and Southwest Louisiana.
Life Sciences Industry Locations

Life Sciences Industry Continues To Thrive

Locations attract biotech, pharmaceutical, and medical device companies by meeting their need for educated workers and access to resources.
New Jersey Economic Growth

New Jersey: Economic Growth Renewed

New Jersey saw a landmark year in 2023, with artificial intelligence (AI), life sciences, and manufacturing contributing to the Garden State's economic growth.
Mississippi

Why? Mississippi

Bill Cork, Executive Director, Mississippi Development Authority, shares how the Magnolia State supports speed-to-market through ready sites, workforce training, and strategic location.
Michigan business expansions

Four Business Expansions To Create 144 Jobs In Michigan

Located in Kent and Bay counties, four recently-announced Michigan business expansion projects will create 144 jobs and generate nearly $72 million in capital investment.
Military Communities

Military Communities Serve As Opportunity Zones For Nearby Cities

Opportunity zones help defense contractors address nation’s aging military industrial base. Plus, Viewpoint: Federal Opportunity Zones As Business Recruitment Tool
Manufacturing Industry

Digital Adaption Key To Manufacturing Industry

Embracing new technologies will be an important avenue as growth is projected to continue in the manufacturing industry.
York County, South Carolina

York County, South Carolina: Growing With Charlotte And Beyond

At the heart of the Carolinas’ largest metro, York County offers a diverse, thriving economy, great living choices, and room to grow.

Owl’s Head Alloys Will Invest Over $29M In Mississippi

The aluminum processing company will locate new operations in West Point, Mississippi, creating 68 jobs. Plus, Mississippi invests nearly $1M in site development.
Pennsylvania Economic Development, Governor Josh Shapiro

Pennsylvania Renews Economic Development Strategy

Governor Josh Shapiro outlines how the Keystone State’s first economic development strategy in more than two decades will spur growth and interest.
Liberty, Odessa, Texas

$375M DOE Investment Spurs Second Eastman Molecular Recycling Project In U.S.

Department of Energy funding led Eastman to announce plans to build its second U.S. molecular recycling facility in Longview, Texas. In Odessa, Liberty Energy breaks ground on its $50 million project.
clean energy projects

Treasury Issues New Guidance On Clean Energy Investment

Guidance provides additional information about the bonus for clean energy projects and facilities under the Inflation Reduction Act (IRA).
FreezPak Logistics

Door Manufacturer, Logistics Company Will Create 130 Jobs In Virginia

With total investments of more than $87M, Tucker Door & Trim will create 50 jobs in Henrico County and FreezPak Logistics will create 80 jobs in the City of Suffolk.
Intel

Four Intel Projects Targeted For $8.5B CHIPS And Science Act Funds

U.S. Department of Commerce has proposed up to $8.5 billion in direct funding through the CHIPS and Science Act to advance Intel’s commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon.
Vista Metals Kentucky

Vista Metals Will Invest $60M In Kentucky Facility

Vista Metals will create 50 jobs with its new specialty aluminum products operation in Bowling Green. Plus, a new Build-Ready site is announced at the Green River Commerce Park in Adair County.
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: Colorado’s Grand Junction – Where Business Meets Adventure

The Grand Junction area is the largest metropolitan area in western Colorado, with the amenities and infrastructure companies need to operate globally. Situated halfway between Denver and Salt Lake City, the Grand Junction area is easily accessible by air, rail, highway, and WiFi.