Incentive Policies

Incentives are used by state and local governments to entice investment and job creation in their jurisdictions. Local incentives can take a variety of forms, including property tax abatement, local tax exemptions, cash grants toward land purchase, infrastructure, training and other costs, waiver of fees, expedited permitting, and assistance with hiring and workforce training. Local jurisdictions and authorities have a fiduciary and significant responsibility to compete for projects that are the right opportunities for their residents. Competitiveness in the incentive game is almost always a requirement for winning the jobs and investment.

Boyette works with Economic Development Organizations (EDOs) at the state, county, and city level to develop incentive strategies, programs, and policies to utilize when working with potential new location and expansion projects. The process to develop an Incentive Policy involves review of existing incentive offerings and programs, as well as incentives offered to projects in the past, stakeholder engagement with those involved in the incentive approval process, and research on the offerings of other competitor locations. The ultimate product is a policy to provide guidance to the EDO when offering incentives to ensure competitiveness and ultimate success in the selection process.