Tax Incentives for Businesses
We assess and secure government tax and financial incentives for your project.
About company
Providing service for early stage project development.
ARC Development Services uses nearly 30 years of experience administering government economic development programs assisting businesses of all sizes and locations expand, locate and grow successfully using economic incentives.
Government Economic Development Programs
State and local governments desperately want to attract new business investment into their community and act on this by offering various tax incentives through their economic development programs. However, a majority of these programs are designed with pre-qualifiers that intentionally control the amount of tax benefits as well as the type of business with a project. For example, one of the most overlooked pre-qualifiers that businesses unfortunately tend to miss is the “but for” requirement that is found in most governing statues and ordinances. Government entities are prevented from offering tax benefits to a business except when there is an “economic impact” prior to that business selecting a new real estate site, often eliminating the business an opportunity to negotiate any tax or business incentives. Real estate due diligence should therefore perform extensive research of the various government economic development programs and analyze and seek incentives at multiple locations prior to committing to a final site. Because the two areas are so intwined with the other, ARC Development Services advises businesses on both site selection and qualifying government tax incentives.
Practice Areas
Tax and Financial Incentives
Tax and business incentives can greatly lower your overall project costs with accumulated grants, tax credits, rebates, exemptions, fee waivers, real property tax abatements and other special funding sources. The combined incentives make up the incentive package, which can add up towards a 30% or higher total cost savings based upon the estimated “economic impact” of your project.
Site Selection
We help analyze location decisions for the expansion or relocation of the business to select a site that is both cost effective and one that matches the needs of the business. We understand the built and regulatory environment that comes with commercial real estate development, an expertise in which we are happy to provide as either a lead role or supportive member of your project team.
What we offer
Providing Solutions For Project Funding
Budgeting for real estate acquisition or construction can be cost prohibitive for most companies. Capital improvements, including equipment purchases, furniture and fixtures, start-up costs, and professional soft costs for every project adds up quick. ARC Development Services works closely with your project team to lower your overall project costs by qualifying maximum amount of financial incentives back to the company.
Our Process
Assess and Define
We start by understanding a company’s needs and preferences to begin our identification process. Working with company leaders, we assess the key attributes of the business and identify project specifics to formulate the basis for a qualifiable tax incentive project.
Evaluate and Qualify
Mapping all relevant criteria, we pre-qualify and prioritize specific incentives and grants to pursue after performing extensive research on available incentives programs at all levels of government examining state statues and local ordinances that specifically align with your project. After quantifying the economic impact of your project, we will negotiate an incentive package with government officials with the highest return on the capital investment being made by the company.
Claim Tax Benefits
We prepare and submit application forms for both the preliminary and final approval processes. Once formal commitments and legal agreements are in place, we can provide ongoing support to the company throughout the duration of the tax benefit period. This includes assisting with preparing timely interim and annual compliance reports, audits, and assessing any future changes that impact program requirements.
Our Advantage
One point of contact and with you every step of the way from application to compliance phases
Working understanding of the metrics governments use to determine project eligibility
Highly practiced in government economic development programs as it relates to commercial development and business development
We use a trust but verified approach by relentlessly backchecking each incentive program, law and ordinance that your project is eligible for
Both diplomatic and discreet maintaining company confidentiality
Assess your project at no cost
Clients Review
Mike Bilokonsky
Whitehorse Freight – Owner
Crestview Hills, KY
With a project plan to spend over $5.4 million dollars on a 51,000 square feet office building that included improvements and equipment expenses, I hired ARC Development Services to get our company through the qualification and approval process. We have successfully been approved for $5 million in state and local job creation tax credits, $300,000 in city corporate tax rebates, and a $75,000 grant for employee training.”
Michael Twiss
MT Studio
Principal Architect
“ARC Development Services provides a great value add for our clients in qualifying businesses for eligible tax incentives on new-builds and expansion projects.”
Do you have a project that you would like us to qualify?
Every project is different and typically is eligible for financial benefits. Contact us to find how much your project qualifies for.