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A specialty division of ProVenture's Corporate Services team, the Incentives Practice Group focuses solely on negotiating business and economic incentives on behalf of its clients.
Incentives available to attract companies vary significantly nationwide. ProVenture's Incentives Practice Group provides clients with comprehensive tax and incentive analysis on a market-by-market basis. In choosing where to locate a new facility, the benefits offered through tax and other incentives can play a critical role in making sound financial decisions. We have project experience in all 50 states and routinely handle a full range of complex negotiations with municipal, county, state and federal government agencies and financial institutions.
Incentives Opportunities
Many companies do not realize that their site selection project may be eligible for varying levels of incentives depending largely upon the headcount and capital investment associated with the project. Leveraging our extensive knowledge of state and local governments, we can identify, analyze, negotiate, and implement an incentives program to maximize the financial savings associated with the expansion, relocation, and/or consolidation of corporate real estate facilities. These savings are often realized through lowered start-up costs and reduced operating expenses over the life of the project.
Our Process
1. Discovery Understand site selection requirement based on project goals and objectives.
2. Research & Strategy Implement findings of discovery to narrow search and create P&L incentive value analysis. Issue Incentives RFP.
3. Negotiation & Approvals Work with state and local officials to develop incentive package and memorialize it via Development Agreement.
4. Documentation & Implementation Assist client with initial applications and subsequent compliance related items. |
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Targeted Incentives
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| Discretionary Cash Grants |
Property Tax Abatement |
| Sales & Use Tax Exemptions |
Withholding Tax Credits |
| Job Training Grants/Assistance |
Site Development Assistance |
| Infrastructure Improvements |
Utility Rate Reductions |
| Competition Restrictions |
Tax Increment Financing |
| Employee Relocation Assistance |
Temporary Building Space |
| Fast Track Permitting |
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