|
<br /> ECONOMIC DEVELOPMENT UPDATE
<br /> DTED t" EDAM
<br /> Minnesota Department of Trade Eoonomlc Development
<br /> . and Ec:onomie Development Association of Minnesota
<br /> C<lolact: Om, Ooddard 612.297.1168 May J, 1994 Ccmlad' J<inl Moen 612-3*62U
<br /> l.soo.654-3838 Vol. I, No. 13
<br /> Week In Kevlew: .. Bnterpri... Zone: BotahUlbo. Bnterpri.. Aotion on the bill, win lake> pi"". OWr
<br /> Zone prolP'am in aooordmoe to the federal the JlllxI_k. It you have a partioular
<br /> O.....IIna. Tn BiIIlH.F, 3Sl0211 program. i..... or il_ in the .peneling bill. you
<br /> wilb 10 OOllllJlllIII on, plea.e oall tho
<br /> .. R.plaoemenl Bquipm'"1 Tax · Rural Job Tax Credil: Eotahlioh.. . Nul G.....emor'. omoe at 1-800-6~7-3717.
<br /> Reduolion' Pb.... doWII the oale.tax on job tax otedil for qualified employe.. hired
<br /> replaoomolll equipment 10 2% for over a two yeat period- lor a maximum Wolken' Call1llensation LIGmn
<br /> pllrCha... made after JUlIe 30, 1998. amounl of $5,000 per employ... We oouldn~ 01010 !hi. i.lUe without a
<br /> nol on workers' compenlltion. A
<br /> For Pwoha... After Stalo Local Note: A maximum of $900,000 i, available bipartiaan coalilion in the Hon... h..
<br /> Rate Option for both the Bnterpri.. Zone IIIll the Rural ooJJ!r<mted Speaker Anderson slating
<br /> June 30, 1995 5.0% 0.5% lob Tlx Credit prolP'"m 1/3 i. allocated to they Wlnt 10 vole on worker.'
<br /> June 30, 1996 4.0% 0.5% Minne'polia; 113 i, allODaled to S. Paul; and oompenution reform. Rumore are il
<br /> JU,Jlll 30, 1997 3.8% 0% 1/3 i, allocatecllo tho relll of the oili.. in !be may or may not oome up loday (May ~.
<br /> 1UM 30. 1998 2.9% 0% atlte. with I minimum of $60,000 to be 1994). II'I not too late 10 call your
<br /> JUlIe 30, 1999 2.0% 0% aUooatecllo S.St Paw. .*. Tht Governor i. legiolator .nd lell them how import.nl
<br /> expeoted to oilJll!be bill today. !hil inuo I, to eoonomic development in
<br /> · R.placement Equipment Def'mition MinDblOta. There are ourrently 76 vote_
<br /> Clarifioation, Replacement oapital Senate ADDIVve. Minianua W... BUll to pa.. a bill. but procedures being uoed
<br /> iquijlment la maohinery lIIc!equipmellt- -- Tue.iily; the-Sellltie a}lllJOVlli a ma..ure to to 0100& the bill nood 90 VOlii ,go
<br /> . that perfonn the .ame basio fimotion at inoreaso the minimum -se in Mimluota by ovemde the Speaker.
<br /> the old machine, resarelle.. of increaoed $0.40 0111611. 1, 199' lllll SO.3~ 011 Jln. 1.
<br /> .peed, efficiency or produotion 1996. Acoording to modelinadone by House Leade:nhlo,
<br /> oapa bility. lnolude.. r.pair ,. DTED, the increa.. win have the following Speaker hv Anderson: 612-2964936
<br /> replacement partl, replaoemont eQonomic impact: Rep. Phil Carruth.r.: 612-296-3709
<br /> oomputer IOhware intelP'al to the Rep. Steve Sviggwn: 612-296-2273
<br /> production prooo... allll building 1996 1998 2000
<br /> maleriala uaed in apeoial purpo.e Net LOll of 10b. (1,770) (4,240) (6,060) Note: Ple..e aee the ED Update of April
<br /> bullcIin81 and fOUl1daliono JlllCOllary for 2S, 1994 for a full U., of Hoo.e
<br /> the capital equipment. Not Lo.. of R..I lIlllDIben and th.ir phone numbor..
<br /> !)ilpooble Income (36) (69) (100)
<br /> · Speolal ToolinS Equipment: Remove. (Milliollll 1987 $)
<br /> !be ClUl'cn! 4% sde. tax .. of 7.1-94.
<br /> Net Los, of GSP (48) (108) (152) THE l!l!14 LlCGISLATIVE SESSION
<br /> .. Bliminatea LGA Trulll PUlld. (MiIliollll 1987 $) IS EXPECI'ED TO END
<br /> TODAYl
<br /> · Boare! of InnoVltiOIl .ntI Cooperation The Houn p....d the Senate vcrlion of the MAY 5, 1994.
<br /> $2.2 million for PY 199' for grant. to Minimum WaSe Bill today 76-SS.
<br /> oomnlunitie. for wring resouroes.
<br /> Omnlhus Snendln.. Bills: The Lesiolature Senate:
<br /> . Bu.ine.. Inoubator Property Tax: ha, findized major Ipending bill. in the area Gentlallnfonnation-612-296-0~04
<br /> Proporty o\WOd by a ~01(c)(3) nonprofit of educatiou, welfare and .Iate al'ney Senate lndex-296-2887
<br /> OI'8Inizstion that i& uoed for , buainel8 fimdinS. The Governor i. IXpocled 10 _ HoUle of Repro_enlative..
<br /> incubator would havo a reduoed r.le on hi. veto .uthority to out lJlenclin, in the bill. Gtlnerallnformation-612-296-2146
<br /> the rlZll $ I 00,000 of market value to 3 that are projeoted 10 1,,,,,, filleal "tail," into HoulO Index-296-6646
<br /> pero*nt. For market value ahave the next biennium of aver $300 hillion
<br /> .100.000 !be rate i. 4.6 peroent. This i. dollar.. . ..... .or
<br /> ....bor, ..... <OJItaet a- Caddoud,
<br /> allowed if the ors.nizstion own. more PIojoct eoo_r 11612-1"-
<br /> th.n 011. properf)'. 161..1.IlOO-657-3.51. _..,
<br />
|