The biggest measure of a client’s success is often the phone call received several years after an initial project – hearing from corporate leadership that the company is considering expansion. When a company is ready to grow or has already identified potential locations for a new operation, Parker Poe Consulting is here to help.
Economic incentives are typically based on a variety of factors, including location, capital investment, job creation, wage rates and type of project. Incentives can be highly complex – state and local incentive offerings can be both statutory and discretionary, and there is often more than meets the eye. To further complicate things, various states and communities have different costs and tax rates and utilize different types of programs – this can make it difficult to produce an accurate comparison of costs & incentives among multiple locations. Moreover, simply receiving a large incentive package at a potential location does not always equal the most cost-effective result.
Parker Poe Consulting uses financial modeling tools to analyze upfront and recurring project costs, then negotiates incentive benefits for clients that can provide the most impactful benefits to their bottom line. Parker Poe Consulting’s team utilizes their experience in state and local government to advocate and achieve optimal incentive results for clients, while still maintaining strong relationships with the communities in which the companies operate.
Parker Poe Consulting frequently obtains the following types of economic incentives for clients:
- Discretionary cash grants
- Withholding tax rebates
- Property tax abatements or payments in lieu of tax
- Discounted or free land
- Corporate income tax credits
- Sales tax rebates or exemptions
- Workforce training programs or grants
- Utility riders and discounts
In addition, in partnership with our parent law firm Parker Poe Adams & Bernstein, Parker Poe Consulting helps investors take advantage of opportunities associated with federal incentive programs including Opportunity Zones and New Market Tax Credits.