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Governmental Incentive Advisory
As Part of Podolsky Northstar's services, we assist our clients in structuring and capturing the most beneficial economic governmental incentive package available. Incentives vary from one jurisdiction to another and the preferred method of negotiation will vary as well. In structuring "win-win" arrangements with state and local governments, both the corporate investor and the multiple public jurisdictions can benefit from the capital investment and job creation brought about through real estate and location commitments. The typical project will involve potential incentives available from the federal, state, county and local governments, as well as special Industry Development agencies, utilities and private interests. Beneficial incentives typically fall into statutory credits and negotiated incentives.
The process of incentive structuring and negotiation most often involves a review of the project in order to determine those areas of assistance that would be of most benefit. The economic impact contribution is calculated to demonstrate to the various governmental authorities the benefit brought about by the potential corporate investment. These incentives include:
• Grants
• Infrastructure improvements
• Employee training
• Employee recruitment assistance
• Job creation tax credits
• Property tax abatements
• Tax Incremental financing
• Technology credits
• Income tax credits
• Enterprise Zone credits
Services Typically Provided
• Real Estate Negotiations
• Incentive Negotiations
• Due Diligence
• Utility Incentive Research
• Creative Advisory Services
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