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Each year various levels of government in the United States award approximately
$3 billion in economic incentives to spur job growth by luring commercial enterprises
to their states and communities. In some communities, private incentives will boost prospects
for success of the business or make lifestyle amenities more affordable to employees.
Services are available to locate and negotiate economic incentives on an anonymous basis (your project will be referenced only by a code name), which leads to competitive offers from preferred locations. Efforts will be customized and based on your business objectives, key business drivers, and lifestyle preferences.
Government incentives provide benefits to minimize tax liabilities and offset capital costs associated with new, expanding or relocating business sites. In general, the earlier the negotiation process starts, the greater the incentive package.
Examples of State & Local Economic Incentives
- Cash Grants
- Employee Tax Credits
- Customized Training Grants
- Wage Subsidies
- Property Tax Abatements
- Investment Tax Credits
- Energy Investment Tax Credits
- Sales Tax Exemptions
- Low-Cost Financing
- Utility Rate Reductions
- Fee Waivers
- Infrastructure Grants
- Fast Track Permitting
- Inventory Tax Reductions
- Subsidized Land
How it's Done
After site options are clarified, researchers will target all available incentive and credit opportunities. Next, experts will develop a business case for incentives to be circulated to state and local economic development agencies and the results will be included in a competitive location assessment. All of such work is done anonymously so that clients are spared inevitable and numerous sales pitches from all types of parties.
Once a location is selected, experts will coordinate the application process and facilitate the necessary authorizations and contracts required to receive the incentive awards. A lengthy amount of time may be involved because meeting the statutory and regulatory requirements can be complicated and cumbersome.
Incentives Protection
Work isn't done when incentives are in place. Next, it's time to protect them by remaining in compliance. One way to do that is to have a turnkey arrangement in place to make sure to ensure that you receive the full value of incentive awards as negotiated.
Compliance experts are available to customize monitoring and reporting for your company and ensure compliance with deadlines and documentation regardless of jurisdictions involved.
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