Jinko Solar Invests in Florida
Posted by Staff Writer on 3/28/2018 to
Energy Industry
Jinko Solar Invests in Florida
Jacksonville to Receive 800 New Jobs
IncSmart Florida (Small Business and Startups) - Chinese manufacturer, Jinko Solar, is finalizing plans on investing millions in Florida. The plans include building a factory in Jacksonville FL at 4660 New World Ave. These plans were announced a week after the Trump Tariffs were announced. The President wants the Chinese solar panel firm to make more of their products in America. The city and state are still finalizing the incentive package. City council documents show a pledge of $410 million.
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Kentucky Hemp Farming
Posted by Staff Writer on 3/26/2018 to
Market Sectors
Kentucky Hemp Farming
Farmers Eager To Change from Tobacco to Hemp
IncSmart Kentucky (Small Business and Startups) - Kentucky wants to bring back hemp farming. However hemp is still listed as a controlled substance next to it's relative, marijuana. Kentucky senator Mitch McConnell, trying remove the plant from the list and to allow farms to produce it commercially. 34 states have all ready authorized hemp research, while actual production is in 19 states. Current or ex tobacco farmer could easily make the conversion to hemp production.
Steel Plant Expansion in Texas
Posted by Staff Writer on 3/26/2018 to
Politics and Economy
Steel Plant Expansion in Texas
$500 million Expansion in Baytown
IncSmart Texas (Small Business and Startups) - JSE steel plant in Texas will get an expansion in Texas. The company plans to bring over 500 jobs to the Baytown economy. The investment is over $500 million and will also include new construction. JSW USA operates one of the widest steel pipe and plate mills in North America. The JSW group bought the bankrupt Baytown steel assets for $810 million in October 2007, and is operating about 30% .
Tax Incentive for Oregon Business
Posted by Staff Writer on 3/11/2018 to
Federal and State Taxes
Tax Incentive for Oregon Business
Take Action Before March 15
IncSmart Oregon (Small Business and Startups) - The new tax incentive for Oregon business has been created to drive investment in communities that have previously been
hampered by a lack of access to capital. The federal Tax Cuts and Jobs Act of 2017 allows Oregon’s
Governor to nominate up to 86 Opportunity Zones in the state. The final
selections will be made by the U.S. Department of Treasury from this list. Under the new federal tax laws, investors
with currently unrealized capital gains can move those gains tax deferred into
an Opportunity Fund. Opportunity Funds are expected to be created by Community Development Financial
Institutions.
Lorain Ohio Steel Mill Opening
Posted by Staff Writer on 3/9/2018 to
Business Opportunities
Lorain Ohio Steel Mill Opening
Over 1000 Jobs May Open in Two Months
IncSmart Ohio (Small Business and Startups) - Republic Steel with headquarters in Canton , plans on opening Ohio plant after President Trump announced tariffs. The plan is to restart the facility in Lorain Ohio to prepare for an anticipated growth for demand across the nation after President Trumps announcement. Tariffs are often used as a last resort, but the domestic steel industry has reached that point. Chinese steel has flooded the outside it's borders and roiled the global market, affecting steel mills and workers everywhere.
Illinois Reopening Steel Plant
Posted by Staff Writer on 3/9/2018 to
Business Opportunities
Illinois Reopening Steel Plant
Granite City Benefits from the Trump Tariffs.
IncSmart Illinois (Small Business and Startups) - US Steel is reopening an idled plant, bringing back a community by rehiring employees. The steel plant has been closed since 2015, due to the unfair trade practices and the dumping of cheap steal. The steel industry has been in a steady decline for years. The average wage of the plant employee was $64,000.
Worst State for Business - California
Posted by Staff Writer on 3/6/2018 to
Politics and Economy
Worst State for Business - California
A Record 11 Years Straight
IncSmart California (Small Business and Startups) - And the winner is... California. 500 CEOs from across America, have said for eleven years in a row, that California is the worst state in the union to run a company. This appears to be an reward the California relishes. Instead of the government making improvements to the last place finish, they have kept thing at least the same for the past eleven years.