Once the government agency administering an incentive approves the project, BlueCap draws on its experience in compliance reporting to develop strategies customized to fit each client's corporate culture to maximize the incentive benefits received. BlueCap’s understanding of the mechanics of each incentive program is crucial to developing action plans that ensure positive outcomes for clients.
Incentive reporting usually involves sensitive company information, including employee data. BlueCap supplies controlled access to confidential information and safeguards against exposure to outside threats. We collect only information necessary for reporting and warehouse the data for as long as needed.
Sometimes, clients fall short of incentive commitments, which may lead to penalties or repayment of incentives. BlueCap implements proven approaches to minimize or drop non-compliance penalties in these situations.
BlueCap aids companies in developing critical location criteria and implementing thorough evaluation processes for finding future business locations resulting from a need to expand an existing facility, enter new markets, or merge locations
Incentives often drive the approval
of company capital budgets by supporting initial capital investments in facilities and equipment, reducing operating costs, and lessening the impact of government taxes and regulations.
Governments require companies to complete annual reporting to ensure the company achieves its commitments for jobs and capital investment. BlueCap manages reporting for clients for the term of each incentive to ensure clients receive the benefits offered.
BlueCap helps communities of all sizes by implementing strategies focused on industry development, job creation, and tax base stability. BlueCap aids in creating strategic plans, marketing plans, cluster industry analyses, and other economic development activities to attract corporate investment and ensure economic growth.