Incentives Are Still Available

April 05, 2011

If your company is adding new jobs to a local economy, then it is very possible that your real estate investment could be offset by incentives.  Although the financial affairs of most states and cities are tenuous, the focus on generating new jobs is so strong that municipalities are luring businesses to their area with financial incentives.  Many companies are not aware of the number or size of business incentive funds that are available for expansion and relocation projects and they are not always easy to discover.  Specifically, tax abatements from cities and grants from state and county development funds are still out there if you know where to look.  State and local incentives include facility cost concessions, empowerment and enterprise zones, utility and transportation cost reductions, and new market tax credits. 

In order to effectively leverage business incentives as an integral part of the site selection process, professionals are needed who have experience and connections to economic development organizations at both the state and local levels.  If you would like thought leadership helping your firm  explore relocation incentive options, please call us.

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