Incentives Advisory
Economic development incentives such as tax credits and property tax abatements are pricing tools used by states and local governments to attract or retain jobs and investment. By themselves incentives do not determine if a project will go forward, but they can reduce the costs and financial risks to the company thereby improving ROI. BLS is guided by two principles when structuring incentives agreements on behalf of our clients;
- Maximize their utility. Some state tax credits may not be fully useable due to insufficient tax liability; and
- Manage exposure. Provide allowance for unforeseen circumstances by negotiating default and recapture language (also called “clawbacks”) in the incentives documentation.
Our project teams bring analytic rigor and creativity to the planning and execution of incentives methodologies that support our clients' relocation and expansion initiatives. We provide the full range of services required to plan and execute incentives transactions, from initial evaluation of potential inducements, through structuring of incentives transactions, negotiation of documentation and the administration and claiming of benefits. Our objectives are to manage risks and create value for our clients while also helping communities achieve their economic development goals.