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Programs
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Hiring Credits
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Companies who are hiring individuals from targeted groups such as veterans, public
assistance recipients and disadvantaged youth are eligible for incentives equal
to thousands of dollars per qualified hire. These are available both as Federal
and state programs.
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Job Creation Credits
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In an effort to increase the business workforce, many states have created incentives
for companies to create new jobs. While all very different programs, these are typically
strong economic incentives for qualified businesses.
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Enterprise Zone Programs
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Recognizing the need for revitalization of targeted areas, both Federal and state
tax credits exist for businesses who locate in targeted areas.
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Training Incentives
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To increase the quality of the workforce, most states offer some type of training
grant or tax credit assistance to businesses who invest in training. This can include
internal, external or on the job training. With reimbursements in the range of 50%
to 100% of the cost of training, many of these programs can have a significant impact
on the business.
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Site Selection/Discretionary Funds
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Companies who are looking to expand or relocate their workforce can benefit greatly
from site selection and incentive negotiation services. Working hand in hand, the
site selection study clearly highlights the net economic impact of choosing one
site over another and is the foundation document to help show the government why
additional incentives may be necessary.
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Cost Segregation/Accelerated Depreciation
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Commercial property owners or tenants who invest in property improvements can increase
their cash flow significantly by depreciating commercial property assets over 5,
7 or 15 years instead of straight-line 39 years. Assigning shorter recovery lives
to assets that qualify as personal property and site improvements can generally
result in significant tax savings. Let Incentives Advisors provide you with a free estimate.
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Services
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Identification
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As a central part of our service offering for our clients, we leverage our proprietary
databases to analyze which Federal, state or local programs are the best fit for
your industry, locations and training. We will then work with your staff to develop
a comprehensive strategy to implement the programs that make the most sense for
your company. Additionally, as many programs require pre-certification, we will
monitor your businesses activities so you are aware when new opportunities arise
before its too late to qualify for time sensitive programs.
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Employee Screening
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For programs which require employee screening, we will tailor a process to screen
your employees in a manner which is seamless to your existing hiring process. A
seamless process is critical for identifying and maximizing the significant economic
benefit for each qualified employee.
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Application/Certification
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Many programs require companies to prepare and submit applications or proposals
to the government before participating. Our team can manage this process and prepare
all required applications and obtain the certifications on your behalf.
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Negotiation
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In addition to credits and grants which are “on the books”, many state and local
governments have discretionary funds and programs for business attraction and retention
purposes. We can help you to tap into these funds.
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Compliance and Administration
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Negotiating economic incentives is only half the battle. Often, companies who are
awarded incentives packages lose out on a lot of the benefit due to the complex
and time consuming compliance requirements. Our team of experts will administer
and manage the programs to ensure that you maximize your benefit.
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Cost Segregation
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Incentives Advisors will visit your property to itemize and define the property’s
assets as well as go through any documentation that is given by the property owner,
such as blue prints, rent rolls, etc. We will then analyze and breakout all the
personal property and site improvements from the straight-line 39 year property
and present them in a comprehensive detailed study to the property owner.
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© 2008 Incentives Advisors, LLC. |
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Is Your Business Eligible?
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