TAX AND COMPLIANCE: ECONOMIC DEVELOPMENT INCENTIVES
Economic Development Incentives
Recover up to 25% of capital investment with Economic Development Incentives
Whether you are locating, expanding, relocating, or consolidating anywhere in the US, ADP can help you increase the return on your investment for Economic Development projects by meeting strategic goals, negotiating incentives and administering the award package.
ADP can help you take advantage of:
- Meeting strategic location goals
- Minimizing the administration of the tax credit package
- Receiving training credits and grants
ADP’s Economic Development group has been responsible for numerous successful site location and retention projects involving incentive awards in excess of $2 billion. Our team of experts can provide a complete turn-key program of location selection services and Economic Development Incentives, including identification, negotiation, documentation, reporting and compliance. Or, you can select any combination of our services to complement your internal resources.
If your company is expanding, consolidating or closing facilities, adding equipment, training employees, or adding jobs, ADP can reduce your costs by up to 25% with negotiated incentive packages. The final incentive package can contain "above the line" savings, such as cash grants, property tax abatements, sales tax exemptions, utility rate reductions, infrastructure grants, subsidized land or buildings, low-cost financing, fee waivers, and wage subsidies.
ADP provides you with tax credit and economic incentive specialists versed in handling all your incentive administration needs, thereby helping ensure that you receive and retain the awards you deserve. Working with various State Economic Development Authorities on your behalf, ADP can handle every aspect of your incentive programs, from application through administration, to help ensure your company receives the incentives it deserves.
ADP’s tax credit experts have training credit experience and work with our clients to maximize the available tax incentives for training. Our comprehensive training incentive program helps ensure that your company receives the optimal grant funds needed to train and upgrade your workforce, and simultaneously qualifies your company for all available employment and training tax credits at the state and federal levels.