Four Reasons Why Your Clients Miss Out on Economic Incentives
Accounting Today publishes McGuire Sponsel's economic incentives article discussing why your clients may potentially be missing out on this valuable opportunity.
Payroll tax credits, workforce training grants, infrastructure grants, property tax abatements and tax increment financing are just a few of the tools that state and local economic development groups have at their disposal to entice businesses to expand and invest in their communities.
Add these all together, and you have a tremendous amount of value available to growing businesses—value that state and local governments want to deliver to support job creation and economic expansion in their areas.
You likely read expansion, jobs and incentive announcements on a weekly basis in your local business journal. Businesses are being courted and incentivized to expand all around you. Are your clients in the headlines? Are they being offered competitive and highly valuable incentives? If not, both your clients and your firm may be missing out on significant opportunity.