Incentives Negotiation and Compliance
Customized project INCENTIVES
We leverage the competitive site selection process to negotiate favorable incentive agreements that maximize meaningful benefits and assure ease of execution.
What We do
- Build positive rapport for the project throughout the site selection lifecycle.
- Evaluate incentives and workforce development programs.
- Run economic impact models to illustrate the project’s benefits to the community.
- Request formal incentives proposals.
- Coordinate with tax and legal teams to complete and submit all required applications.
- Analyze proposed incentives packages to develop a tailored negotiation strategy.
- Provide cash flow models comparing project costs with incentives offsets.
- Execute incentives strategy.
- Support public relations announcements.
programs and benefits
- Grants.
- Tax Credits.
- Property Tax Abatements.
- Bond / Low-Interest Financing.
- Utility Riders and Rate Discounts.
- Sales Tax Abatements.
- Land Discounts.
- Infrastructure Improvements.
- Site Development.
- Fee Waivers.
- Tax Exemptions.
- Workforce Training Programs and Recruiting Incentives.
- Industry-Specific Incentives.
maXimum benefits to assure ease of execution
Austin monitors the incentive programs to ensure that the full benefits of the negotiated incentives are realized. We also determine if opportunities for additional incentives exist for expansion or when new legislation is passed.
INCENTIVE AGREEMENTS NEGOTIATION
Austin negotiates final discretionary and as-of-right incentive packages with local (city, county, regional, utilities and special authorities) and state economic development officials.
APPLICATIONS, APPROVALS AND COMPLIANCE
Austin assists you with the application and approval process, as well as the compliance process, which is where traditionally three-fourths of companies fail to receive all of the incentives awarded to them.
INFRASTRUCTURE GRANT NEGOTIATION
These programs are available to help offset the startup costs to prepare the site or property for operation. Costs could include transportation upgrades, site development, utility capacity upgrades and line extensions.
CLAW-BACKS IMPACT MINIMIZATION
Austin conducts a thorough review of claw-backs to ensure there are no unreasonable repercussions should the company’s commitment not be fully met. Austin maintains continual involvement with the state and local authorities to ensure all parties follow through with their commitments.
WORKFORCE DEVELOPMENT PROGRAMS REVIEW
Training assistance is available as an incentive for new businesses and industries from most states, when associated with new investment for facilities, equipment and job hires. Austin helps to identify and obtain these funds.
PROGRAM AUDIT AND COMPLIANCE
Austin monitors the incentive programs to ensure that the full benefits of the negotiated incentives are realized. We also determine if opportunities for additional incentives exist for expansion or when new legislation is passed.
INCENTIVES APPLICATION AND APPROVAL
We offer experienced resources to assist with the completion of applications for incentive programs, representation at required local meetings and other guidance to help ensure our clients achieve all incentives promised during negotiation.