Four Cedar Rapids projects are among 20 approved for the Brownfield/Grayfield Redevelopment Tax Credit Program Friday by the Iowa Economic Development Authority. The four projects received $2.6 million in tax credits, which is about 25 percent of the $10 million awarded.

Colbert Packaging Corp., which is based in Lake Forest, Ill., will relocate its flexographic packaging and warehousing from northern Illinois to Kenosha and ultimately bring more than 100 jobs to Wisconsin. The company is receiving an aid package from state and local entities that could total up to $1.6 million.

Empire State Development (ESD) today announced the Governor's Office of Motion Picture and Television Development recently reached a milestone with 1,000 applications for the state's film production tax credit received since 2011.

Formerly St. Charles Hospital, the historic Art Deco building is being converted to modern senior housing as part of a $24 million redevelopment that began in February 2016. The balance of the project's development cost was covered by a combination of federal historic tax credits, low-income housing tax credits allocated by the state and private financing.

Funding for the $49 million dollar project will come from a mixture of public and private funds. Up to $21 million will come from the city of Seattle, as the Asian Art Museum structure is owned by the city. Another $5 million will come from Historic Rehabilitation tax credits. This leaves $23 million for the museum to raise privately.

U.S. Senator Gary Peters (D-MI) announced that he has cosponsored bipartisan legislation to encourage economic development by making common-sense changes and enhancements to the federal Historic Tax Credit (HTC).

Boosters of energy storage technologies want their sector to get the same tax credits that the federal government extends to the wind and solar industries. Qualifying energy storage technologies such as batteries, thermal energy storage and regenerative fuel cells would get a 30% investment tax credit.

Dozens of historic buildings in Pennsylvania have been saved thanks to a tax credit program established by the commonwealth in 2012. The Department of Community and Economic Development has awarded applicants tax credits totaling $3 million. The credits have ranged from $13,000 to $500,000, depending on the size, need and impact of the project.

In recent years, projects backed by public-private investment have turned to making the Steel City's riversides havens for recreation and leisure. Now, some redevelopment boosters hope a new tax credit will encourage financiers to invest more in waterfronts throughout Pennsylvania.  

Colorado Economic Development Commission members approved more than $12 million in job-growth incentives for six different companies, including several whose average salary would exceed $100,000 if they were to accept the tax credits and grow their work force in Colorado.

This report is a list of Vermont's "Downtown Sales Tax Reallocation" projects as well as tax credit projects. Federal and state rehabilitation tax credits help to stimulate private investment, create jobs, restore historic buildings and jump start the revitalization seen in Vermont's Designated Downtowns and Village Centers.

In this report, California's Legislative Analyst's Office evaluate the economic effects and the administration of the first film tax credit program passed in 2009.

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