State Incentives

  1. Grants
  2. Tax Credits & Exemptions
  3. Sales & Use Tax Exemptions
  4. Other


FastTrack Economic Development Fund

  • Grants covering relocation expenses, temporary office space, capital improvements, retrofitting and other expenditures not covered by infrastructure or job training grants
  • Only used in exceptional cases where a company's impact on a given community is significant

FastTrack Infrastructure Development Program

  • Infrastructure grants for
    • Airport
    • Gas
    • Port
    • Rail
    • Roadway
    • Sewer
    • Telecommunication
    • Water
    • Other site improvements
  • Grantees are local communities only; must be for public infrastructure improvements benefiting a specific company generating new jobs and investment
  • Requires local matching funds

FastTrack Job Training Program

  • Grant assisting companies with training expenses and the development of customized training plans
  • Funding levels are based on number of new jobs created, amount of capital invested, wages, types of skills/knowledge needed