Companies today are challenged more than ever to improve efficiency and reduce costs to be competitive. The marketplace, workforce issues, and other economic dynamics influence how and where to operate a business or pursue an expansion project. It can be difficult to manage the complexities involved in deciding the future site of a business unit. The decision requires planning and the deployment of sound strategies that will enable an organization to deal successfully with future operation expansions.
All fifty U.S. states rely on incentive programs to entice businesses in some form or fashion. The administration of incentive programs vary by state but typically incentives can be categorized as capital grants, training grants, tax credits, tax abatements, low interest loans, or cash refunds. Frequently, incentive agreements result in a “win-win” situation for both the company and the governmental jurisdictions involved. Incentives often have a significant impact on a company’s bottom-line when they are realizable and recognizable.
GBQ’s Location and Incentive Consulting Practice provides a full range of services to assist companies with establishing, relocating or expanding operations, including:
Business Incentive Negotiation & Implementation
Each of these services is implemented and delivered by a team of professionals with extensive state and local relationships, industry knowledge, and market experience. GBQ professionals can provide high-impact strategies designed to help companies (e.g. expansions, consolidations, and relocations) mitigate their start-up and operational costs on both a tax and non-tax basis. We have experience in all industries and across all facility types (manufacturing plants, headquarters, call centers, R&D centers, distribution and others). Our goals are to reduce risk and make the location and expansion process easier and more cost effective.