Economic incentives continue to play a critical role in corporate location strategies. From tax credits to cash grants, companies are securing benefits in exchange for job creation and capital investment across the U.S.
State and local economic incentives have proven to be a valuable way to help companies offset their capital investment and reduce ongoing operating costs. The availability and type of economic incentives varies greatly across the U.S., which makes it difficult for companies to predict the impact of these benefits on their projects. In addition, the complexity of the economic incentive compliance management process has made it more challenging for companies to realize the value of economic incentives as issuing entities are requiring more accountability and reporting. To help you develop an economic incentive strategy, Site Selection Group summarizes economic incentive trends, as well as market conditions, by state in the 2021 Economic Incentives U.S. Market Report.