Image
Incentives Alerts
The Inflation Reduction Act, also known as the IRA, is bringing about positive changes to our economy and environment. This legislation focuses on promoting clean energy, supporting economic growth, and creating opportunities for communities across the country.
ImagiNE Nebraska, launched in 2020, replaces the Nebraska Advantage program. It is a strategic initiative designed to foster economic growth, attract new businesses, and retain existing ones. This program offers a range of incentives, making it an attractive proposition for companies looking to invest and flourish in the state.
The New Jersey Manufacturing Voucher Program (NJ MVP) is poised to significantly transform the landscape for manufacturers within the state. This initiative aims to empower businesses with equipment grants ranging from 30% to 50% of the eligible equipment cost, covering installation expenses as well. The maximum award amount is an impressive $250,000, making it a substantial incentive for manufacturers adopting advanced or innovative technologies, processes, and materials.
Looking to expand or open a new facility in South Carolina? Be sure to check the latest county tier designations, issued by the South Carolina Department of Revenue in IL 23-18, to ensure you don’t miss locking in a more beneficial tier designation for the South Carolina Job Tax Credit.
A summary of the changes for the SC county tier designations are as follows:
Montana has amended the Job Growth Tax Credit Program to allow more businesses to benefit!
With the amended requirements, a business can qualify for the credit in 2022 with the following: