Article
Tax credits and incentives can help fund your business expansion
March 21, 2024 · Authored by Gina Kucera, Gabriel Sermeno
If you’re looking to expand or relocate your business, funding the project may be one of the biggest hurdles.
To help save costs and make an impact on a local community, you may want to consider including tax credits and incentives as a part of your business expansion strategy.
Explore your options to leverage credits and incentives and key considerations when claiming them:
Business expansion considerations
As you begin to develop a business expansion strategy, there are location-related factors as well as tax implications to consider. Many local jurisdictions have an economic development office which can help provide helpful information on these factors. Some of these considerations include:
Workforce
- Determine cost, availability, expertise
- Unemployment rates
- Quality of life
- Degree attainment, colleges, and universities
Real estate
- Locate suitable space for existing operations
- Opportunities for future growth and expansion
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.
