Incentives Advisory
Every year, state and local governments across the United States invest billions of incentive funding into private businesses. Taking advantage of available incentives programs can fill financing gaps and turn planned projects into a reality.
Incentives Advisory
Unlocking growth with state and local economic development incentives
If your company is considering expanding operations and hiring new employees, planning for significant capital expenditures, investing in real estate or equipment or renovating or opening new facilities, now is the perfect time to explore economic development incentives.
What are economic development incentives?
These programs provide strategic financial support to reduce costs, improve site readiness and help maximize return on investment. Economic development incentives are offered by state and local governments, as well as utilities and not-for-profit organizations, to foster job creation, attract business investment and stimulate economic growth. These incentives may be statutory or discretionary and can take many forms, including:
- Grants
- Tax credits
- Infrastructure improvements
- Tax increment financing
- Income, sales and property tax incentives
- Workforce development and training support
- Other direct and indirect financial assistance
Discretionary incentives typically require businesses to demonstrate that incentives are essential to securing the project.
