Job Opportunity Building Zones (JOBZ) Initiative (Minnesota)
Last modified on February 12, 2015.
|Applies to States or Provinces||Minnesota|
|Name||Job Opportunity Building Zones (JOBZ) Initiative (Minnesota)|
|Policy Category||Other Policy|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy|
|Program Administrator||Positively Minnesota Department of Employment and Economic Development|
| Last Substantive Modification
Minnesota’s Job Opportunity Building Zones (JOBZ) Initiative state and local tax incentives to qualified companies that expand or relocate in targeted areas outside the Twin Cities metropolitan area. There are ten job zones with opportunities for manufacturing, value-added, or high-wage service businesses in over 300 communities. Qualifying businesses may be eligible for corporate franchise tax exemptions, income tax exemptions for investors, sales tax exemptions for goods used in the zone, wind energy production tax exemptions, and employment tax credits.