State and local incentives and credits available to companies involved in facility expansion, relocation, or new construction are often many and varied. In certain instances it may even be possible to negotiate incentives, credits and/or exemptions where no specific governmental programs exist. These incentives can result in millions of dollars in savings, or millions of dollars lost if not taken advantage of.
IAC's Economic Incentives Program assists companies in identifying and obtaining the maximum value from available incentives and credits, including:
- Financial incentives and tax credits
- Reduced cost financing
- Construction Grants
- Income, sales/use, and property tax abatements and/or reductions
- Reduced utility costs
Our economic incentive services include:
- Research and analysis of all programs available to the specific project
- Meet with state and local officials to discuss the project to determine what incentives are available and the specific guidelines of the programs
- Establish an incentive package specific to the project
- Meet with the applicable state and local officials to establish specific arrangements for the program
- Finalize all arrangements and process all applicable forms and contracts
- Monitor the arrangements to ensure all commitments are met over the life of the program