Incentive Procurement

INCENTIVE PROCUREMENT

Economic development incentives aren’t just for big businesses. 

Municipalities are aggressively looking for new and creative ways to attract capital investment, new businesses and jobs into their communities. Growing companies create jobs, build a tax base, purchase local goods and send long-term ripple effects throughout an area’s economic growth. When you’ve narrowed your site location possibilities and know where you’d like to be, whether in a coworking space, new build or anything in between, we’ll work directly with the appropriate local and state government agencies to determine incentive potential.

Competitive incentives, more often than not, prove to be the tiebreaker that narrows several strong options down to a final location. While they can’t turn an ill-fitted site for a project into a good one, incentives help pave the way for necessary renovations and construction.

Our job as your economic development consultant is to negotiate for incentives like tax abatement, TIF, training grants, tax credits and other site specific benefits on your behalf. Then, we present you with the best options for each potential site location and assist with making your final decision. When you’re ready to move forward, we’ll inform the involved governmental parties and begin handling the agreement and compliance process.

Working with an economic development expert can help you determine your organization’s site requirements and find appropriate matches that can take your business to the next level. At Sikich, we identify and evaluate potential locations to buy, lease or open to new construction, taking into account important data including workforce availability, state and local taxes, quality-of-life amenities and other important factors based on your company’s unique needs.

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Municipalities are aggressively looking for new and creative ways to attract capital investment, new businesses and jobs into their communities. Growing companies create jobs, build a tax base, purchase local goods and send long-term ripple effects throughout an area’s economic growth. When you’ve narrowed your site location possibilities and know where you’d like to be, whether in a coworking space, new build or anything in between, we’ll work directly with the appropriate local and state government agencies to determine incentive potential.

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Unfortunately, many companies can undergo difficulties receiving the full benefits of their incentives. Negotiations alone are not a guarantee of incentives — compliance reports will still need to be submitted and need to meet the agreed-upon requirements set forth by state or local authorities.

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Growing and scaling your business is an exciting time but can present unique challenges you may have never faced before. Sikich can help make your path to efficient and successful business growth stress-free.

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Does your growing business qualify for incentives? Connect with us and let’s find out.

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