Our Services

 

Real Estate Location Analysis

BlueCap assists companies in developing and implementing a process for identifying potential future business locations resulting from a need to vacate a current property, expand an existing facility, enter new markets, or consolidate one or more sites.

 

We gain an understanding of your business and investment goals for your project and grade potential locations based on site selection factors important to you. Factors may include:

  • Workforce – availability, cost, skills, education systems

  • Transportation infrastructure – highway, air, rail, port

  • Proximity to suppliers, customers, other company facilities

  • Real Estate – timing, availability, cost

  • State & Local Tax Structure – cost, stability

  • Utilities – availability, reliability, redundancy, cost

  • Telecommunications – connectivity, speed, fiber

  • Incentives – initial capital investment, ongoing operating costs

  • Government Regulation – political environment, permitting

  • Quality of Life

 

Economic Development Incentives

Corporate executives justify a new project and receive capital budget approval based on the availability of government assistance in the form of discretionary economic development incentives. 

 

On the other hand, federal, state, and local governments are often aggressive in offering financial incentives to attract and retain jobs and capital investment to their tax jurisdiction, particularly when a company is evaluating multiple states for the project.  Incentives negotiated to attract jobs and investments may include:

 

  • Cash grants

  • Infrastructure improvements

  • Property tax abatements

  • Sales & use tax exemption

  • Tax credits

  • Training grants

 

Criteria used by the government to determine the level of assistance for economic development projects:

 

  • Number of jobs involved in the project (new, retained, shifted from other locations)

  • Average annual salary

  • Skillsets of jobs, degree of employee training

  • Amount of capital investment

  • Project location

  • Industry type

  • Technology used

  • Availability of other government funding

  • Political environment

 

Research and Development Credits

Actions companies take to create new or improve existing products and services to expand their business or stay ahead of the competition should consider the federal Research and Development (“R&D credit”) tax credit.

 

Your company may already be conducting business activities eligible for a federal tax refund.

There is no cost or obligation to complete a study to determine your eligibility and the potential benefit. If you are in one of the following industries, you should consider this credit:

 

  • Construction

  • Engineering

  • Financial Services

  • Food Processing

  • Healthcare

  • Manufacturing

  • Medical Devices

  • Professional Services

  • Software

  • Technology

 

Open tax years for taxes filed may yield a federal tax refund, and if a company does not have a tax liability now, it may carry the R&D credit forward for up to 20 years.

 

Close to 40 states also offer similar R&D credits, and many states allow recipients of the credits to “sell” if the business has a minimal or no state tax liability.

 

We also evaluate over 700 state and local statutory tax credits for job creation, capital investment, port activities, and “green” initiatives in existing company locations. A review of business activities and company facilities for statutory tax credits may include all open tax periods, and benefits identified may eliminate or reduce tax liabilities in each tax period or may apply to future tax periods.

 

BlueCap works in collaboration with Business Incentive Services, Laguna Niguel, CA, and Business Group Resources, Irvine, CA, to bring this service to our clients.

 

Incentives Compliance

BlueCap remains involved in all client projects throughout the term of the incentive commitment period to ensure our clients receive all incentives approved.

 

The firm draws on its experience in compliance reporting to develop strategies, customized to fit the corporate culture of each client, to maximize the receipt of incentive benefits.  BlueCap’s understanding of the mechanics of each incentive program is crucial to developing sound strategies that ensure positive outcomes for clients.

 

Incentive reporting usually involves sensitive company information, including employee data.  BlueCap provides controlled access to confidential information and safeguards against exposure to outside threats.  We collect only information that is necessary for reporting and warehouse the data for only as long as required.

 

Also, BlueCap implements strategies when clients fall short of incentive commitments to minimize or eliminate non-compliance penalties.

 

BlueCap assists clients with:

 

  1. Summarizing compliance requirements for each incentive program, including qualifying criteria, reporting requirements, and due dates, and non-compliance penalties. 

  2. Preparing a compliance file to warehouse all project-related documents. 

  3. Developing a master calendar that outlines compliance reporting due dates and estimates of the amount of time needed to acquire company information, including review and officer acceptance.  Identify a person within the organization dedicated to serving as a liaison to internal departments for data collection and addressing discrepancies in data.

  4. Ensuring actual project numbers equal or exceed project commitments. 

  5. Completing annual compliance reports.

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