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© 2019 BlueCap Economic Advisors, LLC

BlueCap Economic Advisors, LLC

55 Avalon Road, Pennington, NJ 08534

Tel: 609-651-0684

Email: info@BlueCapEconomicAdvisors.com

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Governments may offer economic incentives to businesses to influence business location decisions involving job creation and capital investment.  Incentives based on job retention are also a growing trend in many states.

 

In addition, businesses may secure statutory tax credits for conducting various business activities in existing company locations. 

 

Our services include:

 

About Tax Credits and Incentives

Governments may offer discretionary incentives to businesses to influence business location decisions involving job creation and capital investment.  Incentives for job retention are also a growing trend in many states.

 

In addition, businesses may secure statutory tax credits for conducting various business activities in existing company locations.  

 

Discretionary Incentives

Discretionary incentives are only offered prior to business decisions.  Incentive amounts are negotiable and may vary from project to project based in part on the location, number of jobs, average salaries, and capital investment.

 

Business activities leading to incentive opportunities include:

 

• Job creation, retention, and employee movement between business locations

 

Capital investment

• Workforce Training

 

• Expansion to new markets

 

• Real estate activity (e.g. leases expiring)

 

• Mergers & acquisitions

 

• Reverse offshoring and nearshoring

 

• Consolidations and restructuring 

 

• Operational change – Six Sigma, Lean, IT implementation

 

• Tax liabilities

 

• Change in C-class leadership

 

 

Statutory Tax Credits

Statutory tax credits are often available for job creation, capital investment, research and development, port activities, and “green” initiatives in existing company locations.  Tax credits may also be available for locations in designated enterprise zones and redevelopment areas.  Businesses are entitled to receive these tax credits for conducting the eligible activity.

 

Statutory tax credit reviews of business locations for statutory tax credits may include all open tax periods, and benefits identified may eliminate or reduce tax liabilities in each tax period.