How to Use this Map

Industries with Effective Tax Rate below National Average
Corporate Headquarters (11.3%), R&D Facility (6.3%)

Corporate Income Tax
6% > $0
7% > $10,000
8.5% > $25,000

Tax Credit
The Investment Tax Credit offers eligible investors that have received the federal investment tax credit an additional in-state tax incentive. The state tax credit is equal to 24% of the federal investment tax credit attributable to the state property portion of the investment.

The Research and Development (R&D) Tax Credit offers companies that are already receiving the federal R&D tax credit an additional in-state tax credit on qualified R&D spending. The credit is equal to 27% of the federal tax credit and applies to personal income tax or business and corporate income tax.

The Exemption for Agricultural Machinery and Equipment provides a sales tax exemption for agricultural machinery and equipment that is used predominantly in the production of agricultural commodities for sale.

Financial Assistance
The Direct Loan Program lends to businesses engaged in manufacturing, processing, warehousing, research and development, recycling, travel and tourism, information technology, and other qualified industries. Loans are up to $1.5 million, and up to $2 million for certain energy-related projects, but cannot exceed 40% of the project cost. Funds can be used toward the purchase of land and buildings as well as the purchase and installation of machinery, equipment, furniture, and fixtures.

The Entrepreneurial Loan Program lends to businesses in the seed, start-up, or early growth stages. Loans are up to $350,000 and can be used for purchasing capital assets, as working capital, and for refinancing existing debt. Loans can fund up to 90% of the project cost.

Workforce Development
The Vermont Training Program offers grants for employee training. Training can be on-site or through a training provider or vendor, with grants covering up to 50% of the cost. In fiscal year 2015, the program funded over 3,000 employees’ training.

Corporate Income Tax
7%

Tax Credit
The Qualified Jobs Incentive Tax Credit Program offers tax credits to companies that create new jobs or relocate jobs from out of state. To qualify, the company needs to be in one of the following sectors: biomedical innovation, IT/software, data analytics, advanced business services, manufacturing, and transportation, among others. The tax credit is up to $7,500 per job per year for up to 10 years.

The Rebuild Rhode Island Tax Credit provides incentives to companies with real estate projects, including commercial office, industrial, residential, mixed use development, ground-up construction, and historical rehabs. The credit covers up to 30% of project costs, and approved projects can be exempt from sales tax on construction materials, furnishings, and equipment.

The Manufacturing Investment Credit offers manufacturers a 4% tax credit against corporate income tax on buildings, structural components, machinery, and equipment.

Financial Assistance
The Innovations Voucher Program provides funding to businesses with fewer than 500 employees engaged in research and development (R&D). Companies can receive up to $50,000 to support R&D efforts from an in-state university, research center, or medical center.

Workforce Development
The Jobs Training Tax Credit provides a tax credit for companies that offer training programs, with the amount up to 50% of eligible training costs for full-time employees. After training, employees must earn at least 150% of the state minimum wage. The credit is capped at $5,000 per employee over a three-year program.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (17.8%), R&D Facility (10.4%), Labor-Intensive Manufacturer (12.6%), Call Center (24.4%), Distribution Center (37.2%)

Corporate Income Tax
8.25%

Tax Credit
The Manufacturing Tax Credit provides tax credits to manufacturers that create at least five new jobs that pay at least 120% of the state’s minimum wage. Eligible businesses will receive a refundable state income tax credit equal to 5.75% of the wage per new position, a state property tax of $0.112 per $100 assessed, and a refund of the sales and use tax.

The One Maryland Tax Credit offers incentives to companies that invest in a designated distressed county and within 24 months, create at least 25 new full-time jobs that earn 150% of the federal minimum wage. Eligible companies can claim up to $5.5 million in state income tax credits. Businesses relocating to the state may claim up to $500,000 in tax credits to cover moving expenses.

The Biotechnology Investment Incentive Tax Credit (BIITC) offers incentives to those that invest at least $25,000 in a biotech company in the state. To qualify, the investment recipient company must have fewer than 50 employees, has been operating for fewer than 12 years, and is certified by Maryland’s Department of Commerce. The income tax credit is up to 75% of an investment, depending on the location of the project, and is capped at 15% of the program’s annual budget.

Financial Assistance
The Maryland Resource-Based Industry Financing Fund Loan (MRBIFF) provides low-interest loans to established agriculture or resource-based companies for the purchase of land and capital equipment for production and processing activities. Loans are up to 50% of the financing need, with a maximum of $250,000 for acquisition of equipment and fixed assets, $350,000 for real estate purchases, and $650,000 for large-scale food/fiber processing projects.

Workforce Development
The Partnership for Work Quality offers grants and training to manufacturers and technology companies. Of the program’s total funding, 60% is earmarked for businesses with 150 employees or fewer. Matching grant funds may be used to reimburse up to 50% of the cost of training projects.

The Maryland Business Works Program offers funds to companies with fewer than 250 employees. The program has an initial funding of $500,000 and requires a dollar-for-dollar match by the employer. Funding may be used to upgrade the skills of current employees and to train new hires in in-demand skills.

Corporate Income Tax
6.5%

Tax Credit
The Corporate Headquarters Credit applies to companies that relocate their headquarters to the state and create 15 new jobs within the first year. The credit can be up to 100% of the business and occupation tax, corporate net income tax, and personal income tax on certain pass-through income, for a period of up to 13 years.

The High-Tech Manufacturing Credit offers incentives to businesses that manufacture certain computers, semiconductors, and other electronics. To qualify, the business must create at least 20 jobs. The credit is equal to 100% of the business and occupation tax, corporate net income tax, and eligible personal income tax.

The High Technology Valuation Act offers tax credits to companies in the high-technology or Internet advertising sectors. The credit is equal to 5% of the original cost of tangible properties, such as computers and servers. The sales tax is also exempted for all purchases of prewritten computer software, computers, computer hardware, servers, building material, and tangible personal property directly used in a high-tech or Internet advertising business.

Financial Assistance
The Direct Loans Program offers direct, low-interest loans to businesses that plan to expand or relocate to the state. The loans can finance up to 45% of fixed assets and have terms ranging from 5 to 15 years, depending on whether it is to finance real estate or equipment purchases.

The Industrial Revenue Bonds Program offers federal tax-exempt financing for small manufacturing projects, qualifying projects in Enterprise Communities, and for certain facility projects. Of the bond’s allocation, $59.8 million is disbursed to small manufacturing projects, $17.1 million to Enterprise Communities projects, and $93.9 million to facility projects.

Workforce Development
The Governor’s Guaranteed Work Force Program provides training and technical assistance to employers. The program funds employee training for companies that create at least 10 new jobs. Grants are capped at $2,000 per trainee. Since the program’s inception in 1991, more than $50 million has been awarded to employers.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (12.2%), Capital-Intensive Manufacturer (4.6%)

Corporate Income Tax
8.7%

Tax Credit
The Blue Collar Job Act offers tax credits to companies that create five or more new jobs and make an investment of at least $200. To qualify, businesses must be in one of the following sectors: manufacturing, wholesale, scientific research, engineering services, and telecommunication services, among others. Eligible businesses receive $500 worth of tax credits for every new job and another $500 for every $100,000 investment.

The Clean Energy Technology Device Manufacturers’ Tax Credit offers a tax credit to manufacturers in the renewable energy industry. To qualify, businesses must hire five or more employees and invest at least $40,000 per employee. Businesses must apply within three years of commencing operations to receive a tax credit of $750 per employee.

Financial Assistance
The Delaware Technical Innovation Program offers transition grants to businesses that conduct research to bring innovative new products, jobs, and revenue to the state. The grant is up to $5,000 per business per year.

Workforce Development
The Blue Collar Grant Program provides funds for employers to train their full-time, permanent employees with benefits. Training must be customized, and at least 25% of the workers must be in-state residents. Eligible businesses must be able to match requested amounts with monetary or in-kind contributions.

Industries with Effective Tax Rate below National Average
Capital-Intensive Manufacturer (2.3%), Labor-Intensive Manufacturer (3.8%)

Corporate Income Tax
6.5%

Tax Credit
The Excelsior Jobs Program provides a series of tax credits to encourage businesses to expand and invest in, and relocate to, the state. The program consists of Jobs Tax Credit, Investment Tax Credit, Research and Development Tax Credit, and Real Property Tax Credit. Eligible businesses need to create or retain jobs and make capital investments. The job creation requirement ranges from 5 to 100 depending on the industry.

The START-UP NY Program offers tax exemption for a decade to qualified businesses. Eligible businesses must partner with designated university or college campuses in the state and engage in advanced research in manufacturing, biotech and life sciences, and renewable energy, among others.

The Life Sciences Research and Development (R&D) Tax Credit Program offers refundable tax credits to companies that conduct life science R&D. The credit amount is equal to 15% of qualified R&D spending for companies with 10 or more employees, and 20% for companies with fewer than 10 employees. The program has $10 million in funding per year per company, with an annual credit cap of $500,000.

Financial Assistance
The Linked Deposit Program offers assistance for manufacturers and services businesses. The state places a deposit for the same amount as the loan at the lending bank, and the bank then loans out the funding to the company at a reduced interest rate. The maximum loan amount is $2 million.

The Innovate NY Fund Program provides funds to startups or seed stage companies to support innovation and job creation. Companies can receive grants of up to $500,000, or $750,000 for biotechnology-related companies. The total amount of funding is $47.3 million.

The Innovation Technology Commercialization Fund provides funding to companies at a growth stage appropriate for initial equity financing, are engaged in the commercialization of an emerging technology, and are able to secure 1:1 private sector funding match at the time of investment. Investments are up to $100,000 per company from a capital pool of $8 million.

Workforce Development
The Employee Training Incentive Program offers refundable tax credits to businesses that provide training in advanced technology. The credit is equal to 50% of eligible training costs and is capped at $10,000 per employee or $3,000 per intern.

Industries with Effective Tax Rate below National Average
Capital-Intensive Manufacturer (2.1%), Labor-Intensive Manufacturer (1.8%)

Corporate Income Tax
6.5% > $0
7.5% > $50,000
9% > $100,000

Tax Credit
The Urban Enterprise Zone (UEZ) Manufacturers Energy Sales Tax Exemption offers a tax exemption for manufacturers that employ at least 250 full-time workers, have at least 50% of employees involved in the manufacturing process, and maintain their UEZ certification throughout the exemption period. The sales and use tax exemption apply to electricity and natural gas consumed at the eligible facilities and cannot be applied to oil or other energy supplies.

The Angel Investor Tax Credit Program provides a tax credit to investors that invest in a qualified emerging technology business, including advanced computing, advanced materials, biotechnology, electronic devices, information technology, life sciences, medical devices, mobile communications, and renewable energy. Qualified businesses must have fewer than 225 full-time employees, 75% of whom must work in state. The tax credit is up to 10% of the qualified investment and is capped at $500,000 per investment.

Financial Assistance
The Bond Financing Program offers bonds to manufacturing and processing facilities, waste treatment companies, and warehousing and distribution businesses, among others. The tax-exempt bond amount ranges between $500,000 and $10 million, while the bond term is up to 20 years for real estate and 10 years for equipment.

The Direct Loans Program lends to companies when traditional financing is not available. The loan amount can be up to $750,000 for working capital and $2 million for fixed assets. To qualify, companies must commit to create at least one full-time job for every $65,000 it borrows from the Economic Development Authority.

The Venture Funds Investments Program targets early-stage technology and life sciences companies typically with less than $3 million in revenue. The average historical funding amount is $2.6 million per investment, and companies can receive up to $10 million.

The Edison Innovation Fund offers funding to technology and life science companies at all stages of growth. The fund consists of an Angel Growth fund, a VC Growth fund, and a Growth Stars fund. The funding amount ranges from $250,000 to $500,000, depending on the stage of the business.

Workforce Development
New Jersey Career Connection is a one-stop center created by the Department of Labor and Workforce Development. It offers job search assistance, training and education assistance, specialized services, and other resources at its 28 locations across the state.

Industries with Effective Tax Rate below National Average
Capital-Intensive Manufacturer (5.4%), Labor-Intensive Manufacturer (10.2%)

Corporate Income Tax
9.99%

Tax Credit
The Job Creation Tax Credit offers tax credits to companies that increase employment by 20% or create a minimum of 25 jobs that pay at least 150% of the federal minimum wage. The credit can be up to $1,000 per new full-time job created.

The Research and Development (R&D) Tax Credit offers a tax credit to businesses investing in R&D and increasing spending on qualified R&D. The credit is up to 20% of qualified R&D expenses. Unused credits may be carried over for 15 taxable years or be sold to other companies upon the state’s approval.

The Keystone Innovation Zone (KIZ) Tax Credit offers tax credits to businesses in a KIZ. To qualify, businesses must be in operation for fewer than eight years and in one of the zone-targeted industries. The credit is equal to 50% of the increase in gross revenue and is capped at $100,000 per company per year. The total amount of funding available is $15 million annually.

Financial Assistance
The Pennsylvania First Program offers a comprehensive set of funding assistance, including grants, loans, and loan guarantees, to businesses that create new job opportunities. To qualify, companies must create or retain at least 100 jobs or increase full-time employment in the state by 20%. The maximum amount of funding assistance is $5,000 per new job created. Funds can be used toward purchasing machinery and equipment, job training, infrastructure, land and building improvements, acquiring buildings, and working capital, among others.

The Pennsylvania Economic Development Financing Authority Program offers financing support to companies through issuing tax-exempt and taxable bonds. Tax-exempt projects include manufacturing facilities and waste treatment facilities; and taxable projects include new equipment purchase and building acquisition, among others. The total financing amount per project ranges from $400,000 to $10 million.

Workforce Development
The Workforce and Economic Development Network of Pennsylvania (WEDnetPA) provides funding for training employees. To qualify, companies must pay full-time employees at least 150% of the federal minimum wage, excluding benefits. Grants are up to $850 per trainee per year.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (13.1%)

Corporate Income Tax
8.5%

Tax Credit
The New Hampshire Research and Development (R&D) Tax Credit provides tax credits to companies with qualified manufacturing R&D spending. The credit is equal to 10% of R&D expenditures, while the total amount of credit for one company per fiscal year is capped at $50,000. The total amount of funding available is $7 million per fiscal year. 

The Economic Revitalization Zone (ERZ) Tax Credit offers tax credits to businesses that are physically located in an ERZ, create at least one permanent full-time job in a single year, and directly invest in a plant or equipment. The tax credit, up to $240,000 per application, is based on a percentage of salary for each new job created and a percentage of the cost incurred for the project. The total amount of funding available is $825,000 per calendar year.

Financial Assistance
The Tax-Exempt Industrial Development Bonds Program offers funding to companies that manufacture, create, or produce tangible or intangible property. Bond issuances range from $500,000 to $20 million, which can be used for fixed asset expansion projects that include the acquisition, renovation, and construction of buildings and the purchase of land and new equipment.

Workforce Development
The Job Training Fund offers funding to companies and matches their training costs. The funding amount ranges from $750 to $100,000 per year. Companies will have access to training programs across seven campuses of the Community College System of New Hampshire (CCSNH).

Industries with Effective Tax Rate below National Average
n/a

Corporate Income Tax
8%

Tax Credit
The Job Creation Incentive Program provides incentives to qualifying biotechnology and medical device manufacturers that create 10 or more eligible jobs. Under the program, companies can receive an incentive payment equal to 50% of the qualifying jobs’ salary multiplied by the applicable state income tax rate of the newly hired employees.

The Research and Development (R&D) Tax Credit Program offers two tax credits to manufacturers and R&D companies. The first credit is given to businesses that conduct R&D activities and is equal to 10% of qualified R&D expenses. The second credit is given to entities that make donations and contributions to research organizations, and is equal to 15% of any cost related to such donations.

The Investment Tax Credit provides a tax credit to manufacturers, certain R&D entities, and corporations primarily engaged in agriculture or commercial fishing. The credit is equal to 3% of the cost of qualifying tangible property that is acquired, constructed, reconstructed, or erected during a single year.

Financial Assistance
MassDevelopment (MDFA) provides low-cost loans to companies in biotechnology, medical devices, telecommunications, advanced materials, electronics, environmental, and other emerging technology industries. Companies can use the loans to purchase real estate or equipment, with loan amounts capped at $3 million and $500,000, respectively.

Workforce Development
Safety Training Grants offer up to $800,000 per year to help companies improve workers’ safety. Companies may use the grant to fund worker safety training costs and improve workplace safety. Companies can receive up to $25,000 per fiscal year.

Massachusetts One-Stop Career Centers offer an online platform, across two dozen centers across the state, to match job seekers with employers. It also offers offline services such as job search assistance, career counseling, coaching on job search skills, and assistance with recruitment activities.

Industries with Effective Tax Rate below National Average
Capital-Intensive Manufacturer (9.8%), Labor-Intensive Manufacturer (9.8%)

Corporate Income Tax
9%

Tax Credit
The Urban and Industrial Site Reinvestment Tax Credit offers a tax credit to companies that invest at least $5 million in distressed communities and $50 million in all other communities. The corporate tax credit is up to 100% of the investment amount for a maximum of $100 million.

The Research and Development (R&D) Tax Credits provide a series of tax credits to companies involved in qualified R&D spending. Companies with R&D expenses greater than the previous year are eligible to receive a tax credit equal to 20% of the additional increase in spending.

The Machinery and Equipment Tax Credit provides companies with fewer than 250 employees and have increased investment in machinery and equipment over the past year with a tax credit equal to 10% of the investment.

The Angel Investor Tax Credit provides a tax credit to companies that make a cash investment of $25,000 or more in a qualified business. The credit is equal to 25% of the investment and up to $250,000 per investor.

The Renewable Energy Sales and Use Tax Exemption Program offers a tax exemption to companies in the renewable and clean energy technology industries. Under the program, companies can receive a sales and use tax exemption on machinery, equipment, tools, materials, supplies, and fuel.

Financial Assistance
The Industrial Revenue Bond Program provides manufacturers with tax-exempt bonds that can be used for land, new machinery and equipment, and the purchase or expansion of facilities. Bonds are up to $10 million and their terms are up to 40 years or 120% of the economic life of the asset financed.

Workforce Development
The Human Capital Investment Credit provides companies that invest in job training and work education programs for state employees with a tax credit equal to 5% of the cost and expenses.

The Manufacturer’s Assistance Act (MAA) Training provides manufacturers with funding to improve the profitability and global competitiveness of the company via innovation, new technologies, and new production equipment. The program offers funding equal to 50% of the training cost.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (12.4%), Retail Store (16.8%)

Corporate Income Tax
2% > $25,000
3% > $49,000
4% > $74,000
5% > $99,000
6% > $124,000
7% > $148,000
8% > $173,000
9% > $198,000
9% > $222,000

Tax Credit
The Assignable Exploration Incentive offers a tax credit to companies that have eligible oil and gas exploration expenditures. The credit is up to 50% of eligible expenditures and can be applied against royalty obligations, corporate income tax, and production tax. The credit is capped at $5 million per project and $30 million per taxpayer.

The Liquefied Natural Gas (LNG) Storage Facility Tax Credit provides a refundable tax credit to companies that incur costs for the establishment of an LNG storage facility. The credit is equal to 50% of the costs incurred, up to $15 million.

The Qualified In-State Oil Refinery Infrastructure Expenditures Tax Credit offers businesses that own an in-state refinery a refundable tax credit equal to 40% of qualified spending and up to $10 million per refinery.

Financial Assistance
The Mariculture Loan Program provides loans to those who have been in-state residents for at least two years, have a permitted mariculture farm location, and have experience or training in the mariculture industry. Loans are up to $100,000 per year and up to $300,000 per borrower.

The Small Business Economic Development Program offers maximum loan amounts of $300,000 with a maximum term of 20 years. Lending priorities are given to businesses located in a community with fewer than 30,000 people.

Workforce Development
The Alaska Job Center Network helps employers find eligible job applicants. It also offers offline services through a dozen careers centers across the state, including job search assistance, career counseling, coaching on job search skills, and assistance with recruitment activities, among others.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (10.8%), Retail Store (24%)

Corporate Income Tax
6.75%

Tax Credit
Empowerment Zone Tax Credit Program offer companies $500 to $1,500 per job created in empowerment zones, where the unemployment rate is at least 150% of the statewide average. Alternative Energy Production Program offers tax credits to companies that invest $5,000 or more in alternative renewable energy equipment. The tax credit is 35% of eligible expenditures after subtracting any grants given to the same equipment. This credit must be filed in the first year in which the asset was placed in service, and can be carried over for up to seven years.

Financial Assistance
The Wood Products Revolving Loan Fund offers loans to businesses in the wood products industry that create or retain jobs. The maximum funding amount is $20,000 per created or retained job, and the total amount of the loan is up to $2 million.

Workforce Development

The Incumbent Worker Training Program provides grants to businesses that have been operating in state for at least a year, have fewer than 50 employees, and are registered with the Montana Secretary of State’s office. The program can match 20% of training costs, 20% of in-state transportation and lodging required to attend training, and 50% of out-of-state transportation and lodging required to attend training. The grants are equal to $1,000 per employee that works 20-34 hours a week and $2,000 per employee that works 35+ hours a week. Training must be completed with one year.

The Primary Sector Workforce Training Grants (WTGs) offer grants to companies that have 50% or more of their sales outside of Montana and create new jobs. Grants are up to $5,000 for each new full-time job created and $2,500 for each part-time job created, both of which must pay at least 170% of the state’s minimum wage.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (15.2%), R&D Facility (17.9%), Retail Store (25.4%), Capital-Intensive Manufacturer (21.6%), Labor-intensive Manufacturer (14.3%), Distribution Center (33.7%)

Corporate Income Tax
0%* Nevada has a gross receipts tax instead of corporate income tax. Businesses with taxable revenue over $4 million are subject to gross receipts tax. The tax rates range from 0.051% to 0.331% depending on business industry classification.

Tax Credit
The Tax Abatement Program offers tax abatements to qualified companies. The abatement reduces the sales and use tax to 2% and reduces the business tax and personal property tax by up to 50%. To qualify, companies must either make a capital investment of no less than $1 million and create 50 jobs in urban areas or invest $250,000 and create six jobs in rural areas.

The Data Center Abatement provides tax abatements for qualified data centers. It reduces the personal property tax by up to 75% and the sales and use tax by up to 2% for 10 or 20 years. To qualify, companies must make a capital investment of no less than $25 million and create at least 10 jobs.

Financial Assistance
The Silver State Opportunity Fund provides funding to companies that have headquarters in the state, a significant percentage of employees in state, and is in the process of planning an expansion or relocation in state. The Fund has $50 million committed funding that can be invested either directly to the companies or through fund managers.

The Nevada State Collateral Work Program offers financing support to companies in mining, manufacturing, research and development, wholesale and trade, media production, and high technology with 250 or fewer employees. The program can provide up to 35% of a collateral shortfall, capped at $5 million when companies try to acquire a loan from a private lender.

Workforce Development
Train Employees Now provides workforce assistance to companies that have maintained business in Nevada for at least five years and hire a minimum of 10 trainees. To qualify, companies need to offer trainees wages that are at least 80% of the state average and healthcare benefits. The program can fund up to 75% of total eligible training costs, and the company must contribute a minimum of 25%. Funding for each trainee is generally between $500 to $1,000.

Industries with Effective Tax Rate below National Average
R&D Facility (11.4%), Retail Store (20.3%), Distribution Center (28.5%)

Corporate Income Tax
6.6% > $0
7.6% > $1,000,000

Tax Credit
The Long-Term Rural Enterprise Zone Program offers incentives to companies that make investments greater than 1% of a county’s real estate value, and create a minimum of 10 new jobs that are paying at least 150% of the county’s average wage and benefits. It offers a property tax abatement of 7 to 15 years, as well as credits equal to 62.5% of gross payroll against state corporate income tax for 5 to 15 years.

The Food Processing Machinery and Equipment (M&E) Program offers food processors a property tax exemption for qualified property machinery and equipment, and personal property. The exemption applies to food processors engaged in processing, repackaging, freezing, canning, dehydrating, concentrating, or preserving raw or fresh fruit, vegetables, nuts, legumes, or seafood for human consumption.

The Qualified Research Activities Credit provides a tax credit to educational institutions, certain scientific research organizations, scientific tax-exempt organizations, and certain grant organizations for increasing expenditures on qualified research and basic research. The credit is up to $1 million against state income taxes.

Financial Assistance
The Business Expansion Program provides cash incentives to companies that plan to hire 50 or more full-time employees that pay the lesser of 150% of state or county wages. To qualify, the company must already have at least 150 employees and is not in the retail business. The incentive amount is equal to the estimated increase in income tax revenue from the new hiring.

The Oregon Industrial Development Bond Program offers tax-exempt bonds to help manufacturers in the state. The program is available to manufacturers and processors and offers bonds over $5 million.

The Entrepreneurial Development Loan Fund provides direct loans to start-ups, micro-enterprises, and small businesses whose revenue is less than $500,000. Loans are up to $75,000 and have a maximum term of five years.

Workforce Development
WorkSource Oregon is the state’s public workforce system that connects job seekers with businesses. The system offers access to various types of online skills training and maintains two dozen offices across the state.

Industries with Effective Tax Rate below National Average
R&D Facility (14.2%), Retail Store (30.7%), Capital-intensive Manufacturer (17.1%), Call Center (25.5%), Distribution Center (33.3%)

Corporate Income Tax
0%* Washington has a gross receipts tax instead of corporate income tax. Tax rates range from 0.471% to 1.5% depending on business industry classification.

Tax Credit
The Machinery and Equipment Sales and Use Tax Exemption provides manufacturers and processors with a sales and use tax exemption on the purchase of qualifying machinery and equipment.

The Business and Occupation (B&O) Credit for New Employees provides a tax credit to qualified manufacturers, research and development laboratories, and commercial testing facilities located in rural counties or within a community empowerment zone. To qualify, the company must create new or reinstate employment positions by 15% over the preceding year. The credit is equal to $2,000 per position with annual wage/benefits lower than $40,000 or $4,000 per position with annual wage/benefits greater than $40,000.

Financial Assistance
The W Fund offers seed and early-stage investments to companies that spin out of universities and research institutions in the state. The initial investment can be up to $500,000, and the fund is open to partnering with other financing channels on larger investments.

The Collateral Support Program for Small Businesses offers financing to small businesses trying to secure loans. The program offers additional collateral to make up for any collateral shortfall. Loans can apply to the acquisition of a place of business, construction or renovation, working capital, equipment/inventory, and franchise fees.

Industrial Revenue Bonds provide bonds for manufacturing, processing and renewable energy companies. To qualify, the total cost of the project must be below $20 million. Tax-exempt bonds can be up to $10 million.

Workforce Development
The Washington Customized Training Program offers training assistance to employers in the state. The state will pay all up-front costs for customized training, while businesses may reimburse the state after the training is complete. These reimbursements to the state are entitled to a tax credit equal to 50% of the total payment.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (10.9%), R&D Facilities (11.4%), Retail Store (18%), Capital-Intensive Manufacturer (10.1%), Labor-Intensive Manufacturer (9.9%), Call Center (18.9%), Distribution Center (33.1%)

Corporate Income Tax
0% *South Dakota does not have a state or corporate income tax.

Tax Credit
South Dakota has no corporate income, personal income, personal property, business inventory, or inheritance taxes.

Financial Assistance
The Revolving Economic Development and Initiative (REDI) Fund provides low interest loans of up to 45% of a project’s cost. Funds may be used for the purchase of land and associated site improvements, construction, acquisition, or building renovations, and the purchase and installation of machinery and equipment. The fund currently stands at $92 million and has created over 30,000 jobs in the state.

The Bond Financing Program offers for-profit businesses access to capital markets through bond issuance. To qualify, businesses must be engaged in the operation of an industrial, agricultural processing, or manufacturing business. Moreover, the total project cost cannot exceed $20 million. The bond can be used to finance 80% of new construction or the purchase of an existing building and cover 75% of equipment costs, with no greater than 25% of the bond proceeds going toward ancillary activities such as office or inventory space.

South Dakota WORKS provides business and commercial loans for one to five years. Loans can be up to 40% of the project cost and can be used to cover startup costs and inventory needs, as well as used for working capital and interim construction loans.

Workforce Development
The Workforce Development Program provides financial assistance to companies that train new employees. To qualify for the program, the company needs to pay current employees at least $11/hr and raise employee compensation after the training. Once qualified, up to 50% of the company’s eligible training expenses can be reimbursed.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (12.2%), R&D Facility (11.1%), Retail Store (20.3%), Capital-Intensive Manufacturer (5.6%), Call Center (22.9%), Distribution Center (23.7%)

Corporate Income Tax
1.41% > $0
3.55% > $25,000
4.31% > $50,000

Tax Credit
The Seed Capital Investment Tax Credit offers individuals and companies an income tax credit. Investors can claim 45% of their investments as tax credits up to a cap of $225,000.

The Research Expense Credit provides qualified entities an income tax credit for conducting research and development (R&D). If a company’s R&D spending in a given year exceeds the average amount spent in the previous three years, then it can claim tax credits of up to 25% on the additional spending.

The Agricultural Commodity Processing Facility Investment Tax Credit offers individuals and companies that invest in an agricultural commodity processing facility. Individuals and companies can claim 30% of their investments as tax credits but only up to a cap of $50,000 in a single fiscal year. They can also claim such credits across multiple years but only up to a total amount capped at $250,000.

The Workforce Recruitment Tax Credit is offered to companies that pay an annual wage that is 125% of the state’s average wage and provide superior benefit packages. The credit is equal to 5% of the compensation paid to a new employee in a hard-to-fill position during the first consecutive 12 months.

Financial Assistance
The Accelerated Growth Loan Program offers loans to companies in a fast-growing industry with annual sales of $1.5 million to $10 million. The loans are offered by Bank of North Dakota, a state-owned financial institution, with the maximum loan set at $3 million.

The Match Program offers loans to companies that create new wealth and provide new jobs, particularly in manufacturing, processing, and value-added industries. The interest rate on these loans is 0.25% higher than the US Treasury bond rate with a 2% floor.

Workforce Development
Workforce 20/20 provides funding for the training and retraining of workers to support new technologies and methods in the workplace. Direct training costs, including instructor wages, travel per diem, tuition and registration fees, curriculum development and training materials, and lease of training equipment and training spaces, are eligible for reimbursement.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (10%), R&D Facility (10.7%), Retail Store (17.7%), Capital-Intensive Manufacturer (8.7%), Labor-Intensive Manufacturer (7.7%), Call Center (22.3%), Distribution Center (21.5%)

Corporate Income Tax
0% *Wyoming has no corporate income tax or personal income tax.

Tax Credit
The state has no corporate income tax, no personal income tax, no inventory tax, no franchise tax, no occupation tax, and no value-added tax. The Manufacturing Sales Tax Exemptions apply to manufacturers when selling or leasing machinery.

The Data Center Sales Tax Exemption is offered to companies with at least $5 million investment in infrastructure and an additional $2 million in data center equipment and software purchases. For a $50 million investment, there is an additional sales tax exemption on HVAC and UPS system purchases.

Financial Assistance
The Large Project Loan Program offers loans to companies to finance the purchase, construction, and installation of buildings and equipment. Qualified companies can secure a minimum loan of $5 million at an interest rate as low as 1%. The company must contribute at least three times the loan amount as an equity guarantee.

The Value-Added Agriculture Loan Program offers producers and agribusiness entities loans of up to 75% of the cost for machinery and equipment and facilities necessary in the processing or packaging of an agricultural commodity. The loan amounts range from $20,000 to $200,000 and must be used in areas with populations under 25,000.

Workforce Development
The Workforce Development Training Fund offers funding to employers for three types of training needs: Business Training Grants, Pre-Hiring Economic Development Grants, and Pre-Obligation Grants. The fund offers up to $2,000 per existing employee per year, up to $4,000 per new employee, recruitment assistance, and other services. As of May 2017, however, the status of this program is unclear due to potential funding issues.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (6.4%), Retail Store (31.1%), Call Center (4%), Distribution Center (24.6%)

Corporate Income Tax
6%

Tax Credit
The Oklahoma Quality Jobs Program offers cash payments of up to 5% of new taxable payroll for up to 10 years. To qualify, most companies must achieve $2.5 million new annual taxable payroll within three years, offer employees basic health insurance, and pay at least the minimum wage.

The New Products Development Income Tax Exemption exempts manufacturers from income tax on royalties earned from products developed in the state. The product must be patented or have a patent pending and be registered with the Oklahoma Center for Advancement of Science and Technology. The credit is up to seven years or as long as the manufacturer remains in the state.

The Construction Materials Tax Exemption refunds sales tax paid on construction materials for certain manufacturing facilities. To qualify, these facilities must either exceed $5 million of investment with 100 new jobs created, or $10 million of investment with 75 new jobs, or $300 million of investment with 1,750 new jobs.

Financial Assistance
The Oklahoma Industrial Finance Authority provides financing for real estate, manufacturing equipment, agricultural processing, and other types of companies. It offers up to $5 million funding on fixed collateral assets for up to 15 years.

The Small Business Linked Deposit Program offers loans to small businesses and industrial parks with fewer than 200 employees and gross annual sales of less than $4 million. Small businesses are eligible for loans of up to $1 million and industrial parks are eligible for up to $6 million.

Oklahoma Applied Research Support provides funding for private sector research and development (R&D) where the principal place of business operations is within the state. Early stage R&D is eligible for funding of up to $45,000 per year for up to two years, and later stage R&D is eligible for up to $300,000 for up to three years.

The Oklahoma Seed Capital offers concept, seed, and start-up equity to industries with technologies or proprietary products and processes, such as advanced materials, agriscience, communication technologies, and information technology. Investments typically range from $100,000 to $1 million and require co-investors.

Workforce Development
Training for Industry Program (TIP) provides low cost or free training services to companies. TIP creates customized and flexible training programs through technology centers across 59 locations in the state.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (18.5%), Retail Store (37.8%), Capital-Intensive Manufacturer (19.8%), Labor-Intensive Manufacturer (14.8%), Call Center (30.9%)

Corporate Income Tax
0% *Texas has a gross receipts tax instead of corporate income tax. Tax rates range from 0.375% to 0.75% depending on the business industry classification. The state is in the process of repealing the gross receipts tax.

Tax Credit
The Texas Enterprise Zone Program refunds state sales and use taxes to companies that make investments in economically distressed areas of the state. Depending on the capital investment amount and job creation level, companies can claim up to $7,500 in refunds for each job created, and up to $3.75 million in total refunds.

The Manufacturing Sales and Use Tax Exemptions offer tax exemptions to companies that manufacture, fabricate, or process tangible personal property for sale. The exemption applies to machinery and equipment purchases.

The Data Center Sales and Use Tax Exemption provides data centers sales tax exemptions on the purchase of computers, equipment, cooling systems, power infrastructure, electricity, and fuel. To qualify, such centers must have invested a minimum of $200 million in capital investment, created 20 new jobs, and pay an average salary of 120% of the county average wage.

The Texas Research and Development (R&D) Tax Credit offers qualified companies that engage in R&D and are registered with the Comptroller’s office a choice between a franchise tax credit and a sales tax exemption on materials, software, and equipment used for R&D purposes.

Financial Assistance
The Texas Enterprise Fund is designed as an incentive to compete with other states to attract investment. The fund has awarded more than 100 grants totaling $600 million in the past 13 years. To qualify, companies must create at least 75 jobs in urban areas or more than 25 in rural areas with salary levels above the average county wage.

Tax-Exempt Industrial Revenue Bonds Program provides financing for eligible industrial or manufacturing projects. The program offers up to $10 million from bond financing, though the total project spending cannot exceed $20 million.

The Product Development and Small Business Incubator Fund, seeded with $45 million at its inception, provides loans to companies that have been operating in nanotechnology, biotechnology, biomedicine, renewable energy, agriculture, and aerospace for a minimum of three years. Applicants must pledge unencumbered tangible assets as collateral.

Workforce Development
The Skills Development Fund offers grants to companies to form partnerships with local community colleges and technical schools to provide training. The fund awarded 43 grants totaling $26.7 million during the 2016 fiscal year. In fiscal year 2016-2017, the fund has access to $48 million for training purposes.

The Skills for Small Business Program provides financing for employee training. It focuses on businesses with fewer than 100 employees and those concentrated in industries such as aerospace and defense, advanced manufacturing, biotechnology, energy, petroleum refining and chemical products, and information and computer technology. The program funds up to $1,800 for new employees and $900 for current employees, and individuals can participate only once per 12-month period.

Industries with Effective Tax Rate below National Average
R&D Facility (-10.3%), Capital-Intensive Manufacturer (0.1%), Labor-Intensive Manufacturer (-1.9%)

Corporate Income Tax
4% > $0
5% > $25,000
6% > $50,000
7% > $100,000
8% > $200,000

Tax Credit
The Angel Investor Tax Credit offers investors a 25.2% tax credit on their investments in early stage, small businesses. Investors can invest up to $720,000 per business per year and $1.44 million per business over the entire period of the program. Every year, the program grants up to $3.6 million worth of tax credits.

The Competitive Projects Payroll Incentive Program offers tax rebates to companies that create new jobs. The rebate is up to 15% of a company’s new payroll for up to 10 years. Rebates also apply to sales and use taxes on capital expenditures.

The Industrial Tax Exemption provides qualified manufacturers, as identified by the federal government, with abatements on property taxes and annual capitalized additions related to the manufacturing site for up to 10 years.

The Louisiana Research and Development (R&D) Tax Credit provides qualified companies with tax credits of up to 40% on R&D spending in the state. The program has no cap or minimum requirement.

Financial Assistance
The Small Business Loan and Guarantee provides companies certified by the Small Business Administration with loans ranging from $5,000 to $1.5 million. To qualify for loans of $100,000 or less, one new job must be created; and for loans over $100,000, two new jobs need to be created.

Workforce Development
Louisiana Economic Development FastStart provides customized training programs to companies in industries spanning advanced and traditional manufacturing and digital media to R&D and warehousing and distribution. To qualify, manufacturing or distribution entities must create at least 15 jobs and other types of businesses must create 50 jobs.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (17.2%)

Corporate Income Tax
4.6%

Tax Credit
The Enterprise Zone (EZ) Tax Credits provide incentives for businesses to operate or invest in such designated zones. These incentives include the New Employee income tax credit, which is equal to $1,100 per new employee, with an additional $500 credit per net employee if they are engaged in agricultural processing and $2,000 per new employee if they are in Enhanced Rural EZs. Companies investing to rehabilitate vacant commercial buildings in EZs can earn a credit of up to 25% of the costs.

The Sales and Use Tax Refunds are offered to companies in the biotechnology, cleantech, medical technology, renewable energy, and manufacturing industries. Limits and refund amounts may vary depending on various industries and their business activities.

The Rural Jump-Start Zone program provides tax relief to companies that locate in an economically distressed area. The types of taxes included are state income tax, sales and use tax, county and municipal personal property tax that apply to businesses, and state income tax for the employee. Currently, four counties are eligible for this program in the 2017 fiscal year.

Financial Assistance
The Certified Capital Companies Program offers loans to entities that are classified as small businesses by the Small Business Administration. Loans are between $100,000 and $3.3 million. There is a $75 million pool statewide and a $25 million rural pool available for investment in designated counties.

The Early-Stage Capital and Retention Grant provides grants to companies in aerospace, advanced manufacturing, bioscience, electronics, energy, infrastructure engineering, and technology and information sectors. The program offers up to $250,000 in funding to qualifying companies that have received less than $20 million from grants and third-party investors since inception, and have annual revenue of less than $10 million.

The High County Venture Fund provides funding to promising and innovative early-stage companies in information technology, telecommunications, alternative energy, and biotechnology industries. The funding ranges from $250,000 to $3,375,000 per investment.

Workforce Development
The Colorado FIRST and Existing Industry Job Training Program offers grants to companies that pay rural workers a minimum of $9/hour and urban workers $12/hour to train full-time employees. Grants can be up to $1,200 for new employees and $1,000 for current employees.

The EZ Job Training Tax Credit provides tax credits for companies that implement a qualified job training program for employees in such designated EZs. Companies may earn an income tax credit of up to 12% of their eligible training costs.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (17%), R&D Facility (13.2%), Retail Store (33.1%), Capital-Intensive Manufacturer (14.3%), Labor-Intensive Manufacturer (10.8%), Call Center (20.7%), Distribution Center (32.6%)

Corporate Income Tax
5.5%

Tax Credit
The Angel Investment Tax Credit provides tax credits to companies that invest a minimum of $25,000 in a small business. The tax credit is equal to 35% of investments in a rural or bioscience company or 30% in other types of businesses. From July 1, 2017 to June 30, 2021, up to $2.5 million of tax credits are offered annually.

The Qualified Facility Tax Credit provides a tax credit to companies that build manufacturing facilities, including manufacturing-related R&D and headquarters. Companies must have invested a minimum of $250,000, have 80% of the property and payroll engaged in manufacturing, have created new full-time jobs above the state’s median wage, and have paid 65% of health insurance premiums for all new full-time employees. The tax credit is equal to the lesser of 10% of the qualifying investment, $20,000 per new job at the facility, or $30,000 per taxpayer per year.

The Non-Refundable Research and Development Tax Credit offers companies engaged in R&D a tax credit equal to 20% of the first $2.5 million of qualified research expenses. There is an additional University R&D Tax Credit, which offers a tax credit to companies that have funded basic R&D at Arizona State University, Northern Arizona University, and the University of Arizona. If a company’s R&D spending in a given year exceeds the average amount spent in the previous three years, then it can claim tax credits of up to 10% on the additional spending.

The Renewable Energy Tax Credits provides tax credits to companies that primarily manufacture renewable energy products. To qualify, companies must create full-time positions where the majority of such positions are paid 125% of the state’s median wage and receive healthcare benefits. Companies also need to spend at least $250,000 in qualifying investments in a 12-month period. The credits include an income tax credit of up to 10% of qualifying investments, and can effectively save 75% in annual property taxes for up to 15 years.

Financial Assistance
The Arizona Innovation Accelerator Fund provides loans to companies with fewer than 500 employees in priority industries such as aerospace and defense, semiconductors, optics, bioscience, and renewable energy. Loans range from $50,000 to $2 million.

The Arizona Innovation Challenge awards companies in aerospace and defense, cleantech and renewable energy, bio and life sciences, information technology, and advanced materials sectors with grants of up to $250,000.

Workforce Development
The Arizona Job Training Program provides grants to companies training new or current employees. Companies can be reimbursed up to 75% of eligible training costs for new employees and up to 50% for current employees. Total reimbursements cannot exceed $1.5 million for a 24-month period.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (13.3%), R&D Facility (8.4%), Retail Store (28.7%), Call Center (15.9%), Distribution Center (18.4%)

Corporate Income Tax
5%

Tax Credit
The EDTIF Tax Credit provides credits to qualified companies in the aerospace and defense, energy and natural resources, financial services, outdoor products, and software development and information technology industries. Companies must create at least 50 jobs in urban counties whose wages are at least 110% of the county average. The credit is a post-performance refundable tax credit of up to 30% of sales, corporate and withholding taxes paid to the state.

The Enterprise Zone Tax Credits offer a $750 tax credit for each new full-time position, with additional credits available if the new position pays above average wage, adds value to agricultural commodities, and offers healthcare benefits. Eligible businesses can claim tax credits for up to 30 full-time positions per tax year.

The Technology and Life Sciences Investment Tax Credit provides tax credits to investors in companies in which they own less than 30% and invest a minimum of $25,000. Eligible companies should have at least half of their employees in state and are in sectors such as biotech, medical devices, diagnostics, and pharmaceuticals. The credit is equal to 35% of the investment over three years.

Financial Assistance
The Rural Fast Track Program offers grants to eligible companies located in rural areas. Companies can receive a post-performance grant of up to $50,000 for a qualifying business development project and up to $1,500 for each new full-time job that pays above the county’s average wage.

The Technology Commercialization & Innovation Program offers grants to small businesses and university teams to accelerate the commercialization of their technologies. Companies and teams can apply for up to $100,000 worth of grants, but are limited to only three funding rounds. The total amount awarded to one technology cannot exceed $200,000.

Workforce Development
The On-the-Job Training Program provides reimbursements to employers who provide customized job training, workers’ compensation or similar insurance, and permanent employment after the training period. Employers are reimbursed up to 50% of the participant’s wages during training for up to six months.

Industries with Effective Tax Rate below National Average
R&D Facility (-0.2%), Retail Store (22.2%), Call Center (23.6%), Distribution Center (27.4%)

Corporate Income Tax
4.8% > $0
6.4% > $500,000
6.6% > $1,000,000

Tax Credit
The Angel Investor Tax Credit provides qualified investors with a tax credit of 25% for their investments in companies located in the state. The credit is capped at $62,500 per investment and limited to five investments per taxable year. Target companies must be engaged in qualified research activities or are in the manufacturing industry.

The High Wage Jobs Tax Credit provides qualifying companies with a tax credit equal to 10% of the wages and benefits for each new job created. Qualified jobs pay at least $40,000/year in a community with a population of less than 60,000, and at least $60,000/year in a community with a population of 60,000 or more. Qualified employers can claim the credit for up to four years, and the amount cannot exceed $12,000 per job per year.

The Technology Jobs and Research and Development Tax Credit provides companies that conduct R&D with a tax credit equal to 5% of qualified R&D expenditure. The tax credit doubles for spending on facilities located in rural parts of the state.

The Alternative Energy Product Manufacturer’s Tax Credit offers manufacturers of certain alternative energy products a tax credit of up to 5% of qualified spending on equipment used in manufacturing operations.

The Renewable Energy Production Tax Credit offers qualified energy generators a tax credit equal to one cent per kilowatt/hour of electricity produced. The rate increases by half a cent annually for the next five years and then decreases by half a cent until it is at two cents in the 10th year of operation. A variable rate of credit is added for electricity produced using solar energy, and the total amount of electricity that can qualify are 2 GW for wind and biomass and an additional 500,000 MW for solar-generated power.

Financial Assistance
The Local Economic Development Act Capital Outlay (LEDA) Funds provide funding to local governments that in turn finance projects in the aerospace and defense, advanced manufacturing, back office and technical support, digital and emerging media, energy, food processing, and logistics, distribution and transportation sectors. Qualified projects must demonstrate that there is out-of-state competition, create jobs with competitive wages, and have a 10:1 ratio of private investment to LEDA funds. LEDA funding amounts are up to $10 million.

Workforce Development
The Job Training Incentive Program provides up to 75% of a new employee’s wage during the six-month period in which the employee is undergoing training. The cost of custom classroom training at a public educational institution will also be reimbursed.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (16.4%), Retail Store (30.7%), Capital-intensive Manufacturing (23.8%), Labor-intensive Manufacturing (11.4%), Call Center (26.9%), Distribution Center (35.2%)

Corporate Income Tax
6%

Tax Credit
The Major Business Facility Job Credit offers tax credits for businesses that create more than 100 full-time positions or 50 jobs for establishments that are located in an economically distressed area.

The Qualified Equity and Subordinated Debt Investments Credit offers incentives to investors that make a qualified investment in equity or subordinated debt in small businesses. Qualified small business ventures must be in the following industries: advanced materials, advanced manufacturing, agricultural technology, biotechnology, electronic device technology, energy, environmental technology, or other select technology areas. The credit will be matched up to 50% of the company’s investment.

The Research and Development Tax Credit provides businesses with a refundable tax credit on their R&D spending. The credit is equal to 15% of the first $300,000 spent on R&D or 20% of the first $300,000 if the R&D was conducted jointly with a Virginia public or private college or university.

Financial Assistance
The Commonwealth Opportunity Fund provides grants to private investments that create jobs that meet minimum wage requirements. It is a discretionary economic development incentive program administered by the State Economic Development Partnership. The state in the past has used this grant to successfully compete with neighboring states, including Kentucky, North Carolina, Maryland, West Virginia, Pennsylvania, and Tennessee.

The Growth Acceleration Program Fund offers seed stage investments in technology, green technology, and life science companies with high growth potential. It typically grants $200,000 in two tranches for early stage capital.

The Virginia Investment Partnership Grant Program applies to manufacturers and R&D companies that have a minimum of $25 million in capital investment. The program offers up to $3 million to companies after completion of the investment and has an additional $2 million available for special projects.

Workforce Development
The Worker Retraining Tax Credit Program can issue up to $2,500,000 in tax credits to employers for retraining eligible workers. The credit is limited to $200 per student annually or $300 for training or retraining employees in a STEM field.

The Small Business New Jobs Program provides funding to companies that have fewer than 250 employees. Companies must make a new capital investment of at least $100,000, create at least five new full-time jobs, and pay the minimum wage. The program provides direct funding to offset the company’s recruitment and training costs.

Industries with Effective Tax Rate below National Average
Call Center (25.5%)

Corporate Income Tax
6.5%

Tax Credit
The Job Tax Credit applies to companies that create at least 25 net new full-time jobs within a 36-month period and invest a minimum of $500,000 in a qualified business enterprise. The credit is $4,500 per job to offset up to 50% of franchise and excise taxes in any given year with a carry forward of up to 15 years.

The Community Resurgence Tax Credit provides a credit of $2,500 per new job created. Eligible companies need to create at least 10 net new full-time jobs, must be paying the state’s average occupational wage, and must be located in a census tract where the poverty rate exceeds 30%.

The Industrial Machinery Tax Credit provides incentives to companies in the manufacturing, warehouse and distribution, and telecommunication industries, as well as for setting up headquarters. The credit ranges from 1% to 10% for the purchase, third-party installation, and repair of qualified industrial machinery.

Financial Assistance
The FastTrack Economic Development Fund offers grants to companies for expanding or locating in the state with reimbursable grants made to local industrial development boards. The grant offers funding for equipment relocation, temporary office space, capital improvements, retrofitting, and other expenditures.

The INCITE Co-Investment fund encourages entrepreneurship in the state by matching private capital. INCITE has invested nearly $30 million with an additional $43 million in funding earmarked for seed, early stage, and growth capital for startups.

Workforce Development
The FastTrack Job Training Assistance Program provides grants to support the training of new full-time employees. The eligibility and amount of funding varies based on company investment, number of new full-time jobs, wages of the full-time jobs, types of skills and knowledge, and location of the project.

On-the-Job Training Grants are available to employers who are willing to hire individuals with no prior experience to fill vacancies. Under an on-the-job training contract, up to 50% of a trainee’s wages during a specified period can be paid.

The Apprenticeship Training Grant supports employers interested in starting an apprenticeship program or continuing an existing program. It provides on-the-job training assistance for eligible dislocated workers entering an apprenticeship as a new hire and classroom assistance for existing first- or second-year apprenticeships.

Industries with Effective Tax Rate below National Average
Labor-intensive Manufacturing (8%)

Corporate Income Tax
5%

Tax Credit
The Jobs Tax Credit offers various levels of credit for companies in manufacturing and processing, warehousing and distribution, R&D, agribusiness operations, and for other qualifying technology-intensive and corporate office facilities. The credit ranges from $1,500 (Tier 1 counties) to $8,000 (Tier 4 counties). For facilities that are located in multiple counties or industrial parks, there is an additional $1,000 credit for each new full-time job created.

The Investment Tax Credit provides a one-time credit against a company’s income tax, up to 2.5% of a company’s investment in new production equipment. The value of the credit depends on the applicable recovery period for property under the Internal Revenue Code.

The R&D Tax Credit provides a credit equal to 5% of the taxpayer’s qualified research expense. The credit cannot exceed 50% of the company’s remaining tax liability after all other credits are applied, but it can be carried forward for 10 years.

The Corporate Income Tax Moratorium applies to companies that create net new jobs in certain economically distressed counties. It exempts their corporate income tax liability entirely for either a 10-year period for every 100 net new jobs created or a 15-year period for every 200 net new jobs created. To qualify, a company must have at least 90% of its investment in a county where the unemployment rate is twice the state’s average.

Financial Assistance
The Economic Development Set-Aside Program provides grants to local governments to develop infrastructure and to assist companies expanding in or relocating to the state. This fund is derived annually from the utility tax revenue.

The Rural Infrastructure Fund provides financial assistance to rural counties with a focus on infrastructure and other activities. In fiscal year 2013, more than $18 million in funding was disbursed.

Workforce Development
Funds for Retraining Available Employee for Existing Industry entitles eligible businesses in manufacturing, processing, or technology-intensive industries to a refund of up to $1,000 per full-time employee per year to cover retraining costs. The retraining has to be deemed necessary for the business to remain competitive or for introducing new technologies.

readySCTM offers recruiting and training assistance to companies that are expanding or looking to move to the state. Using the state’s 16 technical colleges to develop a training curriculum to meet the company’s workforce requirements, workers are trained at no cost to the company.

The Enterprise Zone Retraining Credit Program reimburses manufacturers up to $1,000 per employee against withholding taxes for certain training and education provided to employees.

On-the-job training offers up to 90% wage or salary reimbursements to offset the cost associated with training new employees. The percentage and length of reimbursement is based on the size of the company, specific skills, and the local workforce area.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (6.9%), R&D Facility (10.7%), Retail Store (23.6%), Capital-intensive Manufacturing (10.2%), Labor-intensive Manufacturing (6.5%), Call Center (22.4%), Distribution Center (24.9%)

Corporate Income Tax
4%

Tax Credit
The Data Center Sales and Use Tax Exemptions apply to qualified data centers for the purchase of electricity, support equipment and certain business properties, and computer software. To be eligible, data centers must meet the written determination by the state Secretary of Commerce that private owners contribute at least $75 million in funding, and they must offer compensation in line with the county standard.

The Manufacturing Tax Exemptions provide manufacturers with sales and use tax exemptions for the purchase and operation of manufacturing machinery, electricity, fuel, natural gas, and raw materials.

Financial Assistance
The One North Carolina Fund (OneNC) offers grants of up to $3,000 for each new job a company’s projects creates.

The Job Development Investment Grant (JDIG) provides direct grants to any company that creates jobs. For companies that create 1,750 jobs and invest $500 million, JDIG offers a grant of up to 100% of personal income tax withholdings for up to 20 years. For any company that creates 5,000 jobs and invests $5 billion, it can receive up to 100% of personal income tax withholdings for up to 25 years.

The Inception Micro-Funds provide support for small- to medium-size emerging technology firms across the state with grants between $50,000 to $125,000 as early stage capital.

Workforce Development
On-the-Job Training provides companies with resources for the training and retraining of local workers. Companies can be reimbursed for up to 50% of an eligible employee’s wages for a set period.

NCWorks Incumbent Worker Training Grants subsidize the cost of training workers, improving employee skills, and making the company more competitive. Businesses can receive up to $10,000 per grant or a maximum of $60,000 over their lifetime.

Industries with Effective Tax Rate below National Average
Retail Store (34.9%), Call Center (11%), Distribution Center (20%)

Corporate Income Tax
3% > $0
4% > $5,000
5% > $10,000

Tax Credit
The Jobs Tax Credit provides tax credits of up to 10% of the payroll for new jobs created. The program applies to businesses in manufacturing, wholesale, processing, R&D, warehousing, and others.

The Growth and Prosperity Program provides a series of tax incentives to businesses in designated economically challenged areas. Qualified businesses will be exempt from state income and franchise taxes, sales and use taxes, and property taxes. The program applies to businesses in manufacturing, processing, R&D, and other sectors.

The Mississippi Clean Energy Initiative Incentives Program offers tax breaks to companies that manufacture systems or components used to generate clean, renewable, or alternate energy and that commit to investing a minimum of $50 million and creating 250 jobs. Companies receive a 10-year exemption from state income and franchise taxes and are exempt from sales and use tax when establishing or expanding a production facility.

The National or Regional Headquarters Tax Credits provides breaks for companies locating or moving their headquarters into the state and creating at least 20 jobs. Companies can receive a sales and use tax credit for materials used in the building or for improving a facility and equipment used in that facility. Businesses can also receive an income tax credit for relocation costs.

The Advantage Jobs Program provides incentives for businesses, such as gaming establishments or certain services (excluding retail), that pay employees 110% of the average annual wage and create at least 25 jobs. Also eligible are businesses that are engaged in data processing, meet the average annual wage, and create 200 jobs. Companies can receive rebates of up to 90% of the amount of income tax withheld for employees with new jobs.

Financial Assistance
The Industrial Development Revenue Bond Program provides financing for companies’ projects. The program offers reduced interest costs, coupled with corporate income tax reduction, sales and use tax exemption, and property tax exemption.

The Agribusiness Enterprise Loan Program (ABE) lends to agriculture-related businesses, including manufacturers, aquaculture businesses, horticulture businesses, and other agriculture-related industries. Loans are up to 30% of total project cost or $200,000, whichever is less, for a maximum of 15 years. The ABE portion of the loan has zero interest rate.

Workforce Development
The Job Training Grant provides another option for companies that are eligible for the jobs tax credit if they choose to monetize the tax credit instead of using it against their income tax. When the credit is monetized, the state provides grants, up to $2,000 per job, to a community or junior college, university, or workforce investment area to pay for training or retraining that company’s employees.

The Workforce Enhancement Training Fund partners companies with community colleges to develop a skilled, productive workforce at a discount. Using these funds, community colleges work with companies to design and implement a job training program.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (7.1%), Retail Store (24.5%), Labor-intensive Manufacturing (6.5%), Call Center (3.2%), Distribution Center (24.7%)

Corporate Income Tax
4% > $0
5% > $50,000
6% > $100,000

Tax Credit
The Kentucky Investment Fund Act provides tax credits to companies and individuals that invest in approved investment funds, typically in the industrial, manufacturing, mining, mining reclamation, commercial, healthcare, and agribusiness areas. The investment must be at least $500,000 and have at least four investors.

The Kentucky Industrial Revitalization Act provides tax credits for companies engaged in manufacturing, agribusiness, and other projects, including the acquisition, construction, equipping, and rehabilitation of machinery and equipment. Eligible companies can have up to 75% of the rehabbing and construction costs covered.

The Kentucky Small Business Tax Credit Program (KSBTC) provides small businesses (less than 50 employees) with a tax credit of up to $25,000 per year. To qualify, businesses must have created and sustained at least one new job in the past year and purchased at least $5,000 in qualifying equipment or technology. The KSBTC Program is capped at a total of $3 million in tax credits each fiscal year.

The Incentives for Energy Independence Act provides tax credits for any company that constructs, retrofits, or upgrades a facility to increase the production and sale of alternative transport fuels, energy efficient fuels, synthetic natural gas and chemicals, or sell electricity through alternative methods. Incentives include refunds of up to 100% of tax paid on properties, up to 80% severance tax paid on purchase of coal or natural gas, up to 100% corporate income tax, and up to 4% of gross wage.

Financial Assistance
The Direct Loan Program offers up to 50% of loan participation to companies that take on projects in agribusiness, tourism, industrial ventures, or the service industry.

The Kentucky Enterprise Fund is a state-sponsored, venture capital-like fund that finances early stage businesses in the bioscience, environmental and energy technologies, human health and development, information technology and communication, or material sciences and advanced manufacturing. The funds are disbursed either as a $30,000 grant or as an initial investment of up to $250,000.

The Small Business Loan Program offers funding to businesses engaged in manufacturing, agribusiness, or services and technology. Loan amounts range from $15,000 to $100,000 and can be used to acquire land and buildings, and purchase and install equipment. Loans can also be used as working capital or for any other expense deemed reasonable.

The Agricultural Processing Loan Program provides loans to agribusiness companies interested in the acquisition of equipment, the construction, expansion, and renovation of facilities, and permanent working capital. The loans can be as much as $150,000.

The Kentucky New Energy Venture Fund (KNEV) provides grants to and invests in Kentucky-based companies developing/commercializing alternative fuel and renewable energy products, processes, and services. KNEV makes grants of $30,000, and its investments typically range between $250,000 and $750,000.

Workforce Development
The Bluegrass State Skills Corporation Skills Training Investment Credit provides credit against Kentucky income tax to existing businesses in manufacturing, agriculture and forestry processing, telecommunications, healthcare, product research and engineering, machine technology, mining, operation of facilities, and transport. The tax credit covers up to 50% of eligible training costs and up to $25/hour for all in-house training.

The Bluegrass State Skills Corporation Grant Reimbursement Program applies to businesses in manufacturing, service and technology (non-retail), public or nonprofit hospitals, and training consortia. Grants can be as much as $75,000, covering up to 50% of eligible training activities and $25/hour for all in-house training.

Industries with Effective Tax Rate below National Average
R&D Facility (7.6%), Retail Store (30.8%), Capital-intensive Manufacturing (6%), Labor-intensive Manufacturing (2.8%), Call Center (-15.8%), Distribution Center (13%)

Corporate Income Tax
6%

Tax Credit
The Job Tax Credit offers incentives for companies to invest in revitalizing local communities. Companies can receive up to $4,000 in annual tax savings per job for up to five years. This applies to businesses in strategic sectors, including manufacturing, telecommunications, warehousing and distribution, R&D, and others.

The Quality Job Tax Credit provides incentives for businesses that offer above average wages with a credit of up to $5,000 per new quality job created. It rewards companies that create at least 50 jobs in a 12-month period if the wage is at least 10% higher than the county average.

The Investment Tax Credit applies to companies in manufacturing and telecommunications support. It offers up to 8% of qualified capital investment of $50,000 or more.

The Mega Project Tax Credit applies to major investments that hire at least 1,800 new employees and either invest a minimum of $450 million or have a minimum payroll of $150 million. It offers a $5,250 credit for each new job opportunity created in the first five years.

The Research and Development (R&D) Tax Credit offers an incentive to companies that boost their R&D spending. The credit is set as a percentage of the increased R&D spending and can be used to offset up to 50 percent of net state income tax liability after all other credits are applied. It can be carried forward for up to 10 years.

Financial Assistance
The Entrepreneur and Small Business Development Loan Guarantee (ESB) Fund provides entrepreneurs and small businesses with loans ranging between $35,000 to $250,000 at competitive interest rates.

The Advanced Technology Development Center at Georgia Tech (ATDC) is an incubator and accelerator. It operates a seed fund that offers a partial match of private investments of up to $1 million.

The Employment Incentive Program (EIP) offers financing that can be used with traditional private financing to carry out economic development projects that employ low- and middle-income residents.

The Regional Assistance Program (RAP) provides grants for cross-county and regional collaboration in economic development. Eligible projects include industrial and business parks, as well as conference and convention centers.

Workforce Development
The Retraining Tax Credit provides a 50% tax credit on employees’ direct training expenses and can be used to offset up to 50% of a company’s corporate income tax liability.

Georgia WorkSmart is a program that assists companies in developing apprenticeships. It collaborates with educational institutions, including the Technical College System of Georgia.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (15.2%), R&D Facility (14.9%), Retail Store (32.9%), Labor-intensive Manufacturing (11.2%), Call Center (26.5%)

Corporate Income Tax
5.5%

Tax Credit
The Qualified Target Industry Tax Refund (QTI) provides incentives for companies in high value-added industries, including manufacturing, corporate headquarters, research and development (R&D), global logistics, cleantech, life sciences, TMT, and aviation/aerospace, among others. Tax refunds can range up to $10,500 per net new job created.

The Capital Investment Tax Credit (CITC) offers incentives for projects in the advanced manufacturing, clean energy, biomedical technology, financial services, information technology, silicon technology, and transportation equipment manufacturing sectors and for setting up corporate headquarters. Projects must create a minimum of 100 jobs and invest at least $25 million, including the acquisition, construction, installation, and equipment provision of a project from construction to start of operations.

Financial Assistance
The High Impact Performance Incentive Grant (HIPI) offers negotiated grants to companies in the advanced manufacturing, clean energy, financial services, life sciences, semiconductors, and transportation equipment manufacturing sectors and for setting up corporate headquarters. Companies must create at least 50 new full-time jobs and invest a total of at least $50 million in the state over a three-year period.

Brownfield Incentives provides loans, tax credits, and refunds to encourage companies to clean up and redevelop a brownfield site. Eligible businesses are entitled to receive a $2,500 Job Bonus Refund for each new job created, voluntary cleanup tax credits, low-interest loans for assessment and cleanup, cleanup liability protection, and State Loan Guarantee to improve credit score.

Workforce Development
Quick Response Training (QRT) provides companies with a state educational facility to assist with application and program development and to serve as the fiscal agent for the training. Instructors’ and trainees’ wages, curriculum development, and textbooks, and manuals are all reimbursable under the program.

The Incumbent Worker Training Program (IWT) offers funding for training for current employees at companies that have worked in Florida for at least one year. Grants can reach up to $200,000, with most companies eligible for reimbursements of up to 50% (75% in select areas) of their direct training costs.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (8.9%), Retail Store (32.2%), Distribution Center (27.9%)

Corporate Income Tax
1% > $0
2% > $3,000
3% > $6,000
5% > $11,000
6% > $25,000

Tax Credit
The Tax Back program offers sales and use tax refunds for qualified businesses, including for manufacturers, distribution centers, national or regional corporate headquarters, research firms, scientific and technical services, and other companies. The refund covers the purchase of building materials and taxable machinery and equipment for qualified businesses investing a minimum of $100,000.

The Equity Investment Tax Credit authorizes technology companies paying above average wage to offer its investors income tax credits. Investors who make an equity investment in the business may receive income tax credits of up to one-third of the investment amount.

The Research and Development Tax Credits provide companies doing in-house R&D with tax credits up to 20% of qualified expenditure. Companies that contract colleges or universities in performing research may qualify for a tax credit equal to 33% of the income tax for qualified research spending. Companies that invest in R&D in an area of strategic value or take on an R&D project offered by the Arkansas Science and Technology Authority can also receive a tax credit equal to 33% of the income tax for qualified research spending.

Financial Assistance
The Seed Capital Investment Program offers up to $500,000 in working capital to support the initial capitalization or expansion of technology-based companies in the state.

The Technology Development Program offers royalty financing to well-developed science and technology projects that provide economic and employment growth in the state. The maximum investment is $100,000.

The Community Development Block Grants provides loans to businesses for fixed-asset financing on projects that create jobs for low-to-middle income families. Grants are generally between $75,000 and $200,000.

Workforce Development
Tuition Reimbursement offers companies a 30% state income tax credit for employee expenses related to completing courses at accredited in-state, post-secondary institutions.

Arkansas Manufacturing Solutions offers training services for all aspects of manufacturing, partnering with community colleges and large, in-state manufacturers. The program is administered by the State Economic Development Commission and has created/retained over 7,000 jobs in the past five years.

Industries with Effective Tax Rate below National Average
Corporate Headquarters (13.3%), Retail Store (29%), Capital-intensive Manufacturing (7.1%), Labor-intensive Manufacturing (6.7%), Call Center (17.2%), Distribution Center (22.3%)

Corporate Income Tax
6.5%

Tax Credit
The Investment Tax Credit offers companies a tax credit of up to 1.5% of qualified capital investment expenses for up to 10 years, or 15 years for companies selling their products locally.

The Alabama New Market Tax Credit applies to companies investing in specialized financial institutions called Community Development Entities. The credit is up to 50% of the tax payer’s equity investment and provides other benefits for the investor, such as below market interest rates and non-traditional forms of collateral.

Financial Assistance
The Certified Capital Company Program offers funding to companies in manufacturing, processing, or product assembly, R&D, and services. Companies must be headquartered in the state and have no more than 100 employees, where 80% of whom are located in the state or 80% of their payroll is paid in the state.

The Revolving Loan Funds lends to small local businesses to create new jobs for the purchase of land or buildings, construction or renovation, and the purchase of equipment and machinery. The loans, which can also serve as working capital, are typically below prime interest rates and can fund up to one-third of the total project cost.

Workforce Development
AIDT, an independent agency with oversight from the Secretary of Commerce, provides both an online portal for job seekers and training services at no cost to the employer or employee. AIDT staff or contracted instructors conduct the training in classrooms or Mobile Training Units, customized to meet specific company needs.

The Alabama Technology Network (ATN) offers training and additional services for businesses in the manufacturing sector. As part of the Alabama Community College System and Manufacturing Extension Partnership, ATN leverages regional centers to meet specific needs.

The On-the-Job Training Program reimburses companies for worker training. Companies can earn up to 75% of back pay to a trainee.

Industries with Effective Tax Rate below National Average
R&D Facility (8.4%), Call Center (19.2%), Distribution Center (31.3%)

Corporate Income Tax
3.5% > $0
7.93% > $25,000
8.33% > $75,000
8.93% > $250,000

Tax Credit
The Employment Tax Increment Financing (ETIF) Program offers companies that hire five or more new, full-time employees a tax refund. Qualified companies may receive 30% to 80% of the state withholding tax paid by the company for up to ten years, depending on the level of unemployment at the company’s location. This program in 2014 paid out $13 million in reimbursements for over 8,000 newly created jobs.

The Maine Seed Capital Tax Credit Program uses tax credits to encourage investments in local businesses. The program offers investors up to 50% of their qualified cash equity investments. To qualify, investment in a single business cannot exceed $500,000, and the business must be in one of the following sectors: manufacturing, goods or services with at least 60% of sales from out of state, advanced technologies, value-added natural resource processing, and visual media production.

Financial Assistance
The TechStart Grants provide funding to companies in biotechnology, composites and advanced manufacturing, environmental technologies, forest products and agriculture, and information technology, among others. Grants are up to $5,000 and awarded once a month.

The Seed Grant Program offers funds to early-stage enterprises, including for prototype development and beta testing, detailed market evaluation, and commercialization. The funding is up to $25,000 per project and is awarded three times a year.

The Development Loan Program provides post-early stage funding to companies for activities including alpha testing, product development interactions, manufacturing, and marketing. Loans are up to $500,000 and are awarded on a rolling basis.

Workforce Development
Maine JobLink is an online platform managed by the Maine Department of Labor. It matches businesses with job seekers and offers training program information.

Industries with Effective Tax Rate below National Average
Distribution Center (33.6%)

Corporate Income Tax
7.4%

Tax Credit
The Idaho Tax Reimbursement Incentive Program provides a tax credit to companies in aerospace, agricultural, food processing, and high-tech industries that create 20 new jobs in rural areas or 50 new jobs in urban areas that are full-time and pay equal to or greater than the average county wage. The credit is up to 30% on income, payroll, and sales tax for up to 15 years. 

The Idaho Business Advantage program offers tax credits to businesses that invest at least $500,000 in new facilities and create at least 10 new jobs averaging $40,000 a year with benefits. The credits include a 3.75% enhanced investment tax credit on all new, depreciable, tangible personal property, a 2.5% real property tax credit on investments in new plants, buildings, and structural components, a 25% sales tax rebate on construction materials for new facilities, up to 100% of a property tax exemption, and a $3,000 new job tax credit per each new qualified job.

Financial Assistance
The Idaho Global Entrepreneurial Mission (IGEM) provides funds to businesses that partner with university researchers to commercialize technologies. IGEM has an annual budget of $950,000 and has funded grants ranging from $41,000 to $427,000.

The Industrial Revenue Bond Program offers businesses tax-exempt bonds in manufacturing, production, solid waste disposal, processing, and assembly. The bond funds may be used to finance land, construct buildings, purchase equipment or machinery, or finance capital interests.

Workforce Development
The Workforce Development Training Reimbursements Program provides up to $3,000 in reimbursements per employee for training full-time new employees or to help retain employees facing permanent layoffs.

Industries with Effective Tax Rate below National Average
R&D Facility (-0.6%), Distribution Center (25%)

Corporate Income Tax
4.4% > $0
5.4% > $25,000
6.4% > $100,000

Tax Credit
The Enterprise Zone (EZ) Partnership Program offers a series of incentives to companies residing in EZ locations. Companies can receive, for up to seven years, 100% exemption from the General Excise Tax, a refund of up to 80% of the state income tax already paid (refund is reduced by 10% each year for six years), and other benefits.

The Manufacturing Assistance Program provides in-state manufacturers that are expanding or becoming energy efficient a 20% reimbursement of the project cost, or up to $100,000. Qualifying expenses include equipment purchases, training, energy efficiency projects, and manufacturing feasibility studies.

Financial Assistance
The HI Growth Initiative offers funding to develop entrepreneurial ecosystems, accelerators, and new ventures. On average, companies have received $160,000 from the initiative and go on to attract an average of $2 million in private funding.

Workforce Development
The Employment and Training Fund (ETF) provides two kinds of funding sources: ETF Macro and ETF Micro. ETF Macro grants are for specific industry training and are used as seed money to develop education and training programs that do not exist in the state. ETF Micro grants are for businesses that need to upgrade the skills of their employees. Businesses are eligible to receive up to 50% of tuition costs and up to $250 per employee.

Industries with Effective Tax Rate below National Average
R&D Facility (13.4%), Call Center (19.2%), Distribution Center (26.3%)

Corporate Income Tax
8.84%

Tax Credit
The New Employee Credit provides an income tax credit to qualified businesses that hire full-time employees with wages exceeding 150% of the state minimum wage in a designated geographic area with high unemployment and poverty. The credit is equal to 35% of the new employees’ wages.

The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) Sales and Use Tax Exclusion offers a tax exclusion for advanced manufacturers that purchase qualified properties. Generally, qualified properties include manufacturing machinery and equipment and information technology to operate the machinery. The program has $100 million in funding and award up to $20 million to an individual project in a given calendar year.

The Farm Equipment and Machinery Partial Sales and Use Tax Exemption offers tax exemption to businesses in agriculture. The exemption applies only to the state sales and use tax for the purchase of farm equipment, machinery, and parts, not any other local, city, county, or district taxes.

Financial Assistance
The California Capital Access Program Collateral Support provides financing assistance for small businesses. The program pledges cash to cover small businesses’ collateral shortfall when applying for loans. Loans must be greater than $50,000 and be used toward start-up costs, working capital, franchise fees, equipment, inventory, and the purchase, renovation, and improvement of a place of business.

The Energy Innovations Small Grant Program provides funding for hardware and modeling projects to small businesses, non-profits, individuals, and academic institutions to conduct research on new energy concepts. Funding is up to $150,000 for hardware projects and up to $75,000 for modeling projects.

Workforce Development
The Employment Training Panel offers funding to employers to train new and incumbent workers. The reimbursements include training and administrative costs of up to $26 per hour of training. In October 2017, the state just approved 35 contracts worth $7.5 million to train 11,800 workers.

Industries with Effective Tax Rate below National Average
n/a

Corporate Income Tax
7.75%

Tax Credit
High Impact Business Program – The program offers tax incentives to high impact businesses investing at least $12 million and creating 500 full-time jobs, or investing $30 million and retaining 1,500 full-time jobs.

Economic Development for a Growing Economy Tax Credit Program (EDGE) – offers special tax incentives to encourage companies to undertake development projects that involve capital improvements or create new employment opportunities. As of the end of 2015, over $1.3 billion tax certificates have been issued.

Financial Assistance
Illinois Department of Transportation Economic Development Program – Grants for roadway improvements to further access industrial, manufacturing, and distribution facility companies. Provides 100% funding for roads under the state’s jurisdiction and 50% funding for local roads. Illinois Finance Authority Participation (IFA) will purchase either up to $500,000 or provide 50% of the loan that finances the fixed assets (whichever amount is less), with the aim to create new or retain existing jobs.

Workforce Development
Illinois workNet – a comprehensive portal of workforce development resources, including employment opportunities, training and education programs, and employer information.

Industries with Effective Tax Rate below National Average
Corporate headquarters (10.8%)
R&D facility (8.1%)
Retailer (25.7%)
Capital- intensive manufacturer (4.8%)
Call center (14%)

Corporate Income Tax
$0 *Ohio has a gross receipts tax instead of corporate income tax. Businesses with taxable gross receipts of more than $150,000 are subject to the gross receipts tax. The first $1 million in taxable gross receipts are taxed at $150. Receipts above $1 million are taxed at the effective rate of 0.26%.

Tax Credit
InvestOhio offers tax credits to investors that provide equity for small businesses.

Financial Assistance
Ohio Third Frontier is a $2.1 billion initiative to support technology entrepreneurs.

Workforce Development
JobsOhio is a non-profit corporation aimed at driving job creation and new capital investments.

OhioMeansJobs.com is an online platform that matches employers with job-seekers.

On-the-job training program reimburses up to 50% of employees’ wage during the training period.