Business Facilities - January 2008 - (Page 17) certain credits, and all unused credits can be carried forward for 15 years. RESEARCH AND DEVELOPMENT TAX CREDIT: Investments in research and development facilities are eligible for a 9% corporate tax credit. Additional credits are available, including a three-year job creation credit of $1,000 per employee and a capital credit for investments in emerging technologies. ECONOMIC DEVELOPMENT ZONE/EMPIRE ZONE TAX CREDITS: New York State has designated 72 zones as Economic Development Zones/Empire Zones, which offer a host of benefits. These include discounts on electricity, enhanced tax credits for investment and job creation, and additional sales and property tax exemptions. EMPIRE STATE FILM PRODUCTION CREDIT: New York State and New York City now offer programs which, combined, can provide qualifying film and television productions a fully-refundable tax credit equal to up to 15% of production expenditures. EMPIRE STATE COMMERCIAL PRODUCTION TAX CREDIT: These are fully-refundable tax credits to qualified commercial production companies shooting commercials within the state. NORTH CAROLINA WORKFORCE DEVELOPMENT NETWORK: Programs administered through the nationally recognized N.C. Community College System include Focused Industrial Training, On-the-Job Training, and Incumbent Workforce Development. INDUSTRIAL/ROAD ACCESS PROGRAM: Administered by the Department of Transportation, this program provides funds for the construction of roads to provide access to new or expanded industrial facilities. Approval is based on the resulting economic benefits of the project including the number of new jobs created, the amount of capital investment, highway use, and the area’s economic conditions. ARTICLE 3J TAX CREDITS: Article 3J, created in 2006, provides tax credits for job creation and investments to eligible taxpayers that undertake qualifying activities in North Carolina. These credits may be combined to offset up to 50% of the taxpayer’s state income and franchise tax liability, and unused credits may be carried forward for up to five years. JOB DEVELOPMENT INVESTMENT GRANTS (JDIG): JDIG grants can be very large and consist of annual payments made over a period of up to 12 years. These performancebased grants funded out of new withholding taxes paid by the business are used only for In choosing a site, transportation is always a key factor. Reducing transportation costs and getting your product to market quickly and efficiently can make your business more competitive and more profitable. Sites in our service area offer convenient A straight line is the shortest distance to a good site selection. highway access to Ohio, Pennsylvania and New Jersey – as well as one-day service to the entire eastern half of the United States. That’s accessibility. For more good reasons to locate in our service area, visit our new-look web site at firstenergycorp.com or phone today: (800) 984-9480. firstenergycorp.com #2409 at www.BusinessFacilities.com BUSINESS FACILITIES 17 http://firstenergycorp.com http://firstenergycorp.com http://www.BusinessFacilities.com
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.