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 favourable 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.
If you have received an incentives package, you may wish for an experienced third party to manage their implementation.
How We Can 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 & 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.
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.
Adding Value – The Advantages Of Our Approach
A proven record
Since its inception, our Business Incentives professionals have achieved in excess of $3.0 billion in savings and created over 3,600 jobs for our clients including:
- over $1.0 billion in savings for a German steel manufacturer in Alabama, whose projected facility investment is $5.3 billion.
- $35 million in cost savings for a Fortune 100company’s biotechnology manufacturing.
- $25 million for a Fortune 1000 company with corporate headquarters in North Carolina.
An Integrated Approach
Our incentives services are just one component of our location strategy services. We help companies with their location strategies from concept to implementation, bringing the right subject matter experts to bear at every stage of the process.
Experience and Resources
In the United States, Global Business Consulting has numerous incentives professionals located across the country. The Business Incentives practice has successfully negotiated incentives packages for a broad range of corporate clients in all regions of the United States. We maintain a robust incentives database, which ensures that we’re bringing the best possible information to bear on your assignment. We’re also active in the market – developing and maintaining relationships with economic development professionals across the country, which ensures that we’re intimately familiar with the particular attributes and considerations of regions and associated EDC teams.