Texas: big on business

Article Abstract:

Texas has clearly made an enduring commitment to create the most outstanding business climate possible. The state has always been highly sensitive to the factors that will enable it to attract and retain corporations and jobs. This is exemplified in its tax policy. The state, which claims to have no personal state income tax, has legislated several, different types of tax breaks for businesses and instituted a tax cut of $506 million in 1999. It will, by law, also become a deregulated state by 2002 and has instituted job training programs, bolstered further by public education funding.

Texas, Industrial promotion

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California snags the big deals

Article Abstract:

The adoption of pro-business policies in California has made the Golden State an attractive site for expanding corporations. Among the pertinent changes are the reduction of bank and corporate taxes by 5%, the expansion of the research and development tax credit to 12-24% and the deregulation of electric utilities. In addition, the state's pro-active stance in educating its regulatory agencies has shown marked improvement in terms of involvement in the recruitment process.

California

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Destination Pennsylvania: building the perfect location

Article Abstract:

Pennsylvania Gov Tom Ridge has embarked on an aggressive economic strategy to ensure that high-growth corporations make the state a prime location for their expansion plans. Among the measures adopted by Ridge are major cuts in capital stock and franchise tax and personal income tax. In addition to tax cuts, special tax-free zones within the state were created. Furthermore, a $70 million venture-capital fund was launched to finance startup technology firms.

Pennsylvania, Tax incentives, Ridge, Thomas J.

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