Incentives are an essential instrument of economic development. They represent investments made by state and local governments to influence corporate location decisions and grow a region's economy. Incentives work by reducing costs and operational risks confronting companies that are relocating or expanding. They can take the form of cash grants, tax credits and abatements, buildings and land offered gratis or at below-market cost, infrastructure grants or improvements, recruiting and training assistance, and expedited development approvals.
BLS & Co. has an exceptional track record of achieving incentives values for our clients. Since our founding we have obtained incentives valued in excess of $2.3 billion for projects that in aggregate have committed to create over $5.7 billion in capital investment and 55,000 new or retained jobs.
However, what really distinguishes us is our ability to negotiate agreements that optimize financial value while preserving their contractual flexibility. And, because we operate in the public arena, throughout every engagement is an abiding theme that a company’s reputation be enhanced and never diminished, and that every project represent a win-win for our client and the community.
Our incentives advisory services include:
Incentive programs vary widely; click here to see a summary of economic development incentives offered in each state: