Business Incentives
The Business Incentive practice assists corporations in reducing costs associated with expansions, consolidations, and relocations of business operations by securing economic development incentives from federal, state, and local authorities and public/private utilities. Corporations are often not aware they may be entitled to incentive funds for expansion and relocation. We identify, evaluate and negotiate cash grants, infrastructure improvements, tax reductions, low cost financing, job training and other financial incentives available to your business, while using our expertise to deliver optimal package solutions. Our clients represent all industries and sectors, ranging in size from Global 2000 firms to individual owners, occupiers and developers. You may require any of the following: New operation or relocation Most real estate initiatives can benefit from an incentives component. Whether your firm is establishing an operation in a new location or relocating to a more favorable location, Cushman & Wakefield can ensure that your company receives the optimal incentives package. Long term commitment If your company is not relocating, but instead making a long-term commitment in your current location, significant incentives may be available. Cushman & Wakefield can either explore this possibility, or create a credible option to relocate in order to negotiate the maximum package. Implementing incentives If you have received an incentives package, you may wish for an experienced third party to manage their implementation. How Can We Help? Economic incentives negotiation Our experts will identify available incentives, provide the appropriate authorities with the information they require to qualify your investment, and negotiate the maximum package on your behalf. Incentives may include cash grants, land/space cost write-downs, tax abatements and credits, utility rate incentives, infrastructure grants, and customized training assistance. Incentives can reduce costs by as much as 40% of a company s capital investment associated with real estate expansions, relocations, consolidations and retention of business operations. Incentives implementation Upon receipt of your incentives package, Cushman & Wakefield can manage the implementation of incentives, ensuring that all the required paper work is completed and that you receive the benefits negotiated on your behalf.
