Business Facilities -November 2008

COVER STORY Rochester Region Economic Development Incentives Low interest loans and some grants (under $100,000) for job creation are available. County of Monroe Industrial Development Agency: COMIDA is a public benefit corporation that can exempt projects from sales tax on construction materials and mortgage tax and can provide tax abatements tied to increases in assessment from construction. Empire Zone benefits: Within a Zone, companies may operate tax-free for ten years if the project qualifies as “regionally significant” and certain investment thresholds can be met. Aerial view of Rochester, NY Monroe County Incentives include low interest loans (up to $500,000), façade grants, Empire Zone benefits (same as County, but for City addresses), Brownfield Assistance Program (assist with properties investigating environmental conditions), and COMIDA may also be used in the City of Rochester for expansion projects. City of Rochester Empire State Development OPELIKA ALABAMA } We have sites worth seeing. Located in East Central Alabama along Interstate 85 halfway between Montgomery and Atlanta Part of Alabama’s fastest growing metropolitan statistical area Available 1,900 acre fully developed industrial park along Interstate 85 with sites ranging from 10 to 1,200 acres Near Auburn University, with more than 23,000 students and 3,700 engineering students Close to local community college with an excellent industrial training center 9 9 RG&E can assist with funding of new electric service related infrastructure improvements. In some cases, RG&E will provide up to $300,000 in funding assistance per project for capital investments of $1 million or greater to fund electric related improvements on equipment owned by either RG&E or the customer. Rochester Gas & Electric (RG&E) Empire State Development (ESD) is the state’s economic development arm. For large projects including significant investment in property and equipment, ESD can make capital grants. ESD also funds infrastructure related to sewers, electrical, railroad spurs, etc. ESD is typically called in when the existing business may leave the area or new business is being attracted to the area. RochesterWorks! provides training grants available up to $50,000 (depending on funding cycles) to enhance the skills of existing workers and to train new workers. The grants typically require a match. Usually the wages paid during the training count as the match. PHOTO CREDIT: CITY DATA RochesterWorks! 12 9 9 9 Alfred F Cook, Jr., CEcD . Director 334.705.5115 www.opelika.org #2109 at www.BusinessFacilities.com Editor’s Note: Programs from the county, state, city and RG&E are dependent on the level of investment and the types of jobs being created and retained. © EHA 2004 OED-0018 NOVEMBER 2008 http://www.opelika.org http://www.BusinessFacilities.com

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Business Facilities -November 2008 Contents First Word Sanpshots Corporate Moves: Utah Kodak Develops a Megasite in Upstate New York Anatomy of a Deal: Studley Finds a New Space for Myspace Metro Spotlight: Johnson City, TN A Renaissance of Growth in Medical Plastics The Lone Star State Flexes Its Muscles Asia: A Portrait of Growth Sky's the Limit for High-tech in Arizona Corporate Moves: Pennsylvania Ohio Leads the Way Alabama's Tide Rolls to the Future IEDC 2008 Award Winners Advertiser Index Introducing Navigator Livexchange

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