Reflect, Refuel

Last year was very challenging for many of our clients.  Throughout the country our clients faced difficult decisions amid the uncertainty and volatility of the market.  We are pleased to have served our clients and help to stabilize their visions for the future and lessen the burdens of new investments.  In 2012, incentis group evaluated projects from coast to coast, including projects in retail, distribution, manufacturing and professional services.  In the 4th Quarter alone, incentis group negotiated and structured over $12,000,000 in client incentive benefits including tax abatement, tax credits, financing and training assistance.  Also in the 4th Quarter, incentis group closed over $20,000,000 in New Markets Tax Credits Allocations for client projects in retail and distribution. 

As we embark upon another eventful year, we look forward to providing you with expert guidance on your investment decisions and outstanding service.  

A Project's True Value

State and local government officials are under increasing political pressure to justify economic development incentives.  Relatedly, companies seeking incentives need to carefully balance their bottom line with the public attention paid to economic development incentives requests.  incentis group's Economic and Fiscal Impact Analysis can be utilized to assist state and local governments in creating a balanced incentives offer that clearly define the costs and benefits of an economic development project.  Our Economic and Fiscal Impact Analysis can also help justify a company's request for incentives by demonstrating the overall impact a project will have on the state and local economies and treasuries.

Projects with new investment and new jobs have effects upon the state and local economies beyond the project site.  Additional economic activity represents the increased sales by direct suppliers, service providers, community retail establishments, and all other community businesses supported by the new workers, increased income, or higher tax collections.  Additional fiscal impacts can be measured by forecasting all new direct and indirect tax collections.  Our Economic and Fiscal Impact Studies demonstrate the positive impacts that investments have upon a state and/or community.  We forecast the following long term economic and fiscal impacts upon state and local economies:

• Employment - Direct, indirect, induced, and construction period job creation and retention:
• We identify the primary jobs and estimate the secondary job impacts of the retained and created employment from specific industry classifications. We also estimate the construction period employment impacts.

• Earnings - Direct, indirect, induced, and construction period earnings generation and retention:
• We identify the primary employee earnings and estimate the secondary earnings impacts of the retained and created employment from specific operations. We also estimate the construction period earnings impacts.

• Economic Output - Economic output generated by new or existing operations across all industries of the state and local economies:
• Each operating facility generates economic output within an economy in the form of inputs required from operations of other industries within the economy. We estimate that total economic output generated across all industries within the state and local economies as a result of the primary facility.

• Fiscal - Direct, indirect, induced, and construction period state and local tax and fee generation and retention:
• We identify the direct taxes generated by a specific operation and estimate the indirect and induced taxes generated as a result of the operation. Such taxes include corporate income/franchise taxes, payroll taxes, corporate property taxes, secondary and residential property taxes, sales and use taxes, and development and impact fees where applicable.