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Comprehensive Business Incentive Identification
Oftentimes, routine spending on business development such as capital equipment or employee training can qualify as an "economic development project" if aggregated and packaged properly. The incentives such project attracts will be "found money" for your company. M.R. Press Consulting (MRPC) insights gained from experience with relevant governmental authorities enables our professionals to spot business development incentives, tax credits and other opportunities where they are not obvious.
Negotiation strategy
As a result of their experience on the government side of the negotiation process, MRPC professionals devise winning strategies to engage government authorities at the right level, at the right time, with the right message.
Representation and expert testimony in public forums
Provide technical and independent testimony to support client position.
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Independent Economic and Fiscal Impact analyses. |  |
Widely accepted methodologies provide the foundation for extrapolating multiplier effects across industries within the host local and state economies.
Site selection support and comparative location cost modeling
"Gap analysis" demonstrating further, the need for government participation.
Thorough and systematic statutory tax credit identification
Current 50-state database of tax credits provides confidence that nothing will be missed.
Strategies to reduce federal taxes on business incentives
MRPC can provide advice to strengthen Section 118 Federal tax deferral position.
Application writing and form preparation
Lower cost staff resources available.
Administrative compliance; computer-assisted monitoring and tracking of tax and non-tax benefits secured
Compliance outsourcing available for resource constrained clients.
Featured Case Study
Project Food Prep Co is a manufacturing relocation and expansion in Kentucky bringing 100 new positions. The company will prepare and deliver Fresh/Flash Frozen Organic Meals, Organic Breads-Pastries, Mixes and Baby Foods nationwide. The project will acquire a facility of more than 25,000 square feet into which a fully functional kitchen, bakery, training, office and warehouse distribution facility will be installed.Incentives package totaling more than $1.3 million includes:
• Refundable Income Tax Credits
• Sales Tax Refund
• Training Grants
• Property Tax Exemptions
BENCHMARKING DATA for INCENTIVE DEALS:
How Did Your Company Perform in Securing Economic Development Incentives Compared to Your Competitors?
By Michael R. Press
A new source of comprehensive incentive benchmarking data has become available from Incentives Consulting Associates (ICA) a strategic partner of M. R. Press Consulting, with headquarters in the Netherlands. ICA tracks and collects incentive data from North America and Europe where economic development incentives are most prevalent. They monitor more than 30,000 public sources of information on a daily basis--for more information please visit: http://www.icaincentives.com
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Respond to Economic Crisis with economic development incentives that instantly improve financial strength. All facilities whose outputs will change (grow or shrink) significantly as a result of rationalization of capacity, should be analyzed for government-sponsored grants and tax incentives.