#United States #Pasadena #KBKG #State Incentives #Location Advisory

KBKG Launches State Incentives & Location Advisory Service

Introduction

In today's competitive business environment, maximizing return on investment (ROI) for projects is crucial. KBKG, a prominent national tax specialty firm, has recently announced the launch of its State Incentives & Location Advisory (SILA) service line. This new initiative is designed to assist companies in navigating the complexities of state and local incentives, which can significantly enhance project viability and profitability.

The Purpose of SILA

The SILA team is committed to helping organizations identify, negotiate, and secure various incentives associated with capital investments, job creation, expansions, and relocations throughout the United States. With jurisdictions vying for new projects, the incentives can range from payroll benefits and income tax credits to property tax abatements and infrastructure support. Understanding these offerings is essential for companies aiming to maximize their investment returns.

According to industry insights, businesses often have the opportunity to capture benefits amounting to up to 30% of their total project investments. However, since many incentive structures require negotiation prior to project initiation, timely engagement is pivotal.

Who Can Take Advantage?

The SILA service is particularly advantageous for companies planning to expand or relocate, especially those adding 20 or more jobs at a single location or those making capital investments exceeding $5 million. Engaging with the SILA team early in the planning process allows these businesses to leverage maximum benefits and negotiate favorable terms.

Patrick Hanlon, Director of State Incentives and Location Advisory at KBKG, emphasizes the evolving nature of these incentives: “As competition for investment intensifies, our SILA team facilitates clients in early evaluations and negotiations, ensuring competitive packages and compliance structures that allow benefits to be realized over time.”

Industries Benefiting from SILA

KBKG’s new practice is versatile and aims to support clients across a diverse spectrum of industries, including:

• - Manufacturing
• - Distribution
• - Technology
• - Biotech
• - Renewable Energy
• - Agribusiness
• - Headquarters and back-office operations across various sectors

Comprehensive Service Offerings

KBKG’s SILA team provides an extensive range of services designed to navigate the complexities of securing incentives:
1. Negotiated State & Local Incentives
2. Statutory Credit Identification & Application Assistance
3. Site Selection & Location Advisory

The SILA process is structured into three customized phases tailored to align with each client’s project lifecycle:

• - Strategic Evaluation: Gather and refine project information to outline potential opportunities.
• - Government Discussions: Develop a negotiation strategy and secure competitive incentive offers.
• - Compliance Assistance: Formulate a compliance team and tracking methodologies to mitigate risks and maintain eligibility for incentives.

CEO of KBKG, Jason Melillo, points out the significance of the new practice: “SILA not only enhances our capability to deliver measurable financial outcomes but also represents a natural extension of our commitment to support clients in funding their growth and innovation across complex incentive landscapes.”

Conclusion

With the launch of the SILA service, KBKG demonstrates its dedication to providing businesses with the tools needed to effectively navigate the labyrinth of state and local incentives. By assisting companies in securing significant financial benefits, KBKG positions itself as an indispensable partner in enhancing project ROI for the future.

For more information or to schedule a consultation, reach out to Patrick Hanlon, Director of State Incentives and Location Advisory, at email protected] or call 312-847-5394. To learn more about the services offered, visit [KBKG.com/sila.

About KBKG

Founded in 1999, KBKG operates across the United States and has successfully aided businesses in claiming over $10 billion in tax credits and incentives. With a team comprising engineers, attorneys, and tax specialists, KBKG is committed to delivering value-added services that complement traditional tax and accounting practices, further solidifying its status as a trusted partner for thousands of tax professionals and businesses nationally.