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Perham JOBZ ZONE
"Your business is our business"

 
Welcome to Perham
The City of Perham, Minnesota is a highly innovative/successful community in the lakes territory of west central Minnesota. If you're exploring site locations for your business, you'll find no better place than Perham. Before we tell you about JOBZ, we'd like to tell you about ourselves.
  Perham has:
  • Solid industrial base including Tuffy's Pet Foods, Barrel O' Fun Snack Foods, Bongards Cheese/Whey plant, Kenny's Candies, Primera Foods
  • Strong work ethic
  • 25-mile population of approximately
  • Transportation:
          *Junction of State Highways 10 and 78
          *Burlington Northern rail line
          *Perham Municipal Airport, including 4,100 foot paved runway
  • High speed internet up to T-1 capability
  • Healthy retail district
  • Over 30 lakes within 10 miles of Perham, and over 1,000 lakes in Otter Tail County
  • Administrative headquarters for the Northwest Minnesota State Technical and Community College, with three nearby post-secondary campuses for MSTCC (Wadena 25 miles, Detroit Lakes 25 miles and Fergus Falls 45 miles)
  • School district of approximately 1,600 students with rich history of academic/extracurricular success, including two parochial schools
  • Well-trusted hospital and clinic facilities
  • 66,000 SF Perham Area Community Center, including swimming pool with water slide, two gyms, two racquetball courts, fully-equipped workout area
  • Wide array of churches

 

What is JOBZ?
 Perham is happy to offer the benefits of the new JOBZ program (Job Opportunity Building Zones). This is a new and exciting tool to stimulate activity, offering an environment nearly free of state and local taxes. These tax incentives will help new and expanding companies lower their overall costs and facilitate their growth in Perham.

Perham has nearly 400 acres designated for JOBZ, so can accommodate businesses ranging from small to mega. Full city services, natural gas and modern communication capabilities are available.

 

How does JOBZ save you money?
JOBZ tax incentives will reduce company expenses, increase competitiveness, and help sustain further growth and expansion in Perham, Minnesota:


  Tax Exemptions:
              *Minnesota Corporate Taxes (income tax, alternate minimum tax, minimum fee)
              *Minnesota Individual Taxes (income tax on investment income, alternative minimum tax)
              *Sales and Use Tax
              *Most Property Taxes (except for land, general obligation bonds, and school operating levies in
                   place prior to zone designation)
              *Minnesota capital gains taxes for duration in JOBZ
              *Wind Energy Production Tax

Tax Credit:
              *Job Creation for businesses paying more than $30,000 average annual salary

 
What does this mean to me in dollars and cents?
 Take a few minutes to use the JOBZ Calculator and you'll be pleasantly surprised to find the "bottom line" impact JOBZ might have on your business. Give us a call to talk about the calculator, or check it out yourself here: http://www.mnpro.com/home.asp?TargetFile=taxcalc.asp

 

Who is eligible?
 To qualify for the tax exemptions, a business must start-up in the zone, relocate from outside the zone or expand. Companies relocating from another Minnesota site qualify by increasing employment by 20 percent within the first year or making capital investment of at least 10 percent of gross revenues. In addition, businesses must also meet local business assistance goals to qualify for tax exemptions.

Perham is using JOBZ in two ways, and can apply its benefits to small/medium/large businesses:

  1. Manufacture/Assembly
  2. Professionals who don't compete with existing local professionals
How long will JOBZ last?
 Exemptions are available until December 31, 2015, and include the credits listed earlier.

 

How do I find out more?
 JOBZ-related information is available at http://www.deed.state.mn.us/bizdev/jobz.htm or please e-mail Chuck Johnson at the Perham Economic Development Authority:  cjohnson  at cityofperham.com. Please replace the word "at" with the @ symbol.  Or call 218-346-9798.

Remember, your business is our business!
  

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