WTP Global Business Incentives helps companies identify and negotiate the most lucrative incentive packages offered by government entities who want to either attract new business to their area or retain and encourage the expansion of existing businesses.
Many companies often overlook or are unaware of the numerous financial and non-financial programs available to them which are designed to attract private investment in property and human capital development. These programs, which vary greatly by country, are regularly adjusted to keep up with competition from neighboring jurisdictions for new jobs and investment.
The sheer number of programs available makes negotiating and obtaining the most advantageous business incentives package a lengthy and complicated process. Identifying the incentives in the context of your particular business’ needs and determining those that will have the greatest bottom line impact takes enormous time and effort.
With a history of negotiating millions of savings, WTP Global Business Incentives’ specialty is knowing what specific incentives are available, negotiating the best possible package, and ensuring that the incentive package is fully administered so that the incentives awarded are actually realized.
A successful incentive package negotiation may include credits against tax (income, franchise, real & personal property, sales/ use, withholding), abatements or exemptions of tax, low interest financing instruments, financial grants, below-market cost for developable sites , infrastructure development and enhancements, training assistance, and reduced utility costs. Incentive packages may also be available for capital investments in the upgrading of machinery and equipment or for the retention of an existing business and employees.
Benefits:
Reduced start-up and operating costs
Increased EPS
Reduced effective federal, state and local tax rates
Permanent tax savings
Increased cash flow
Proactive, front-end strategic planning for future operations
WTP’s Global Business Incentives practice can identify, benchmark, secure, and administer a package of financial and non-financial business incentives for our client’s domestic and international operations for recent or planned activities in areas such as:
Mergers & acquisitions
Capital investments in new or existing facilities
Capital investments in machinery and equipment
Relocation or consolidation of facilities
“Green” investments
Historic preservation and rehabilitation investments
Pollution control equipment
Restructuring
Divestitures
Hiring employees
Training employees
Services:
Incentive identification and economic development package negotiations
Implementation and administration of awarded incentives
Site identification and selection, including greenfield and brownfield sites and Foreign Trade Zones
Retroactive credit and incentive reviews
Tax-exempt, low interest bond financing negotiations
Customized training grants
Roughly fifty percent of all incentives available are overlooked or unclaimed. Being proactive in your capital investment and human development endeavors will lead to significant financial benefit.
Contact us to enquire about Global Business Incentives Consulting services.
