What Are Public Incentives?
Public incentives are designed to allow a company to reduce its costs and add revenue. They include:
- Cash Grants
- Tax Exempt Financing
- Property Tax Reductions
- Training Grants
- Sales and Use Tax Exemptions
- Federal Tax Credits
- Forgivable Loans - Convertible to a Grant
- Low or No Interest Loans
- Public Infrastructure Support
- Low or No Cost Land
- Resources to Recruit Local Skilled Labor
- Green Building Incentives, Deductions and Grants
- Many More Creative Local Incentives
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What You Should Know?
Every state and most localities utilize public financial incentives as tools to stay competitive in attracting jobs and capital investments. Job retention is also a critical element for attracting public financial incentives.
Key factors that influence the level and value of incentives are:
- Experience and Knowledge
- Established Relationships
- The Right Approach
- Jobs
- Capital Investment
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Who Benefits?
As you expand or modify your business, public financial incentives offer benefits to companies and communities:
| Benefits to Companies |
Benefits to Communities |
- Access to a skilled workforce
- Significantly reduced cost of doing business
- Access to grants and low or no interest loans
- Reduced tax liabilities
- Positive impact on ROI and ROA
- Access to attractive locations with good fit
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- Broader, deepened tax base
- Job creation
- Improved infrastructure
- Positive "Spin-off" effects for local businesses
- Enhanced community image
- Improved standard of living for residents
|
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Why Your Company Benefits?
Your company should participate because:
- The positive impact on the bottom line is very real. The benefits to your company can be very significant. It is well worth exploring the opportunities whether growing, maintaining or consolidating operations.
- Hickey & Associates has assisted companies in securing hundreds of millions of dollars in incentives. We will guide you through the entire process and stay with you until dollars are fully realized.
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