Major Business Facility Job Tax Credit

The Major Business Facility Job Tax Credit is a state incentive that encourages businesses to create jobs by offering a tax reduction when they build or expand significant facilities within certain regions. If a company invests in new buildings, equipment, or infrastructure that lead to the creation of new jobs, they may qualify for this credit. It helps businesses lower their overall tax burden, making it more attractive to develop facilities locally, which can lead to economic growth and increased employment in the area.