A TAX INCENTIVE FIRM

Economic development incentives is financial support that is extended at the discretion of federal, state, or local governmental bodies to attract or retain business operations, encourage new business activity, and foster job retention. In addition, entities like utilities and non-profits may offer incentives for similar objectives. Government policy-makers bear the responsibility of generating opportunities to stimulate state and local economies through collaboration with private sector firms. States and municipalities leverage economic development incentives as tools to foster and nurture growth. These incentives are designed to facilitate the recruitment and retention of businesses of communities in the United States, with the expectation that these businesses will contribute to job creation and financial investment.