Tap into thousands of tax credit and economic development incentives
Location benefits are negotiated and/or statutory tax incentives offered to businesses to encourage economic development, often in designated areas or zones. The ability to keep up with the wide array of available benefits and know the rules for recognizing such benefits can be a daunting and time-consuming task for most organizations. For this reason, many companies rely on the expertise of Maximus to administer their location benefits.
Types of federal, state & local tax credits and financial incentives Maximus helps to capture
State and local governments have created a wide array of economic development incentives designed to encourage job creation and capital investment both in the state, and in designated geographic areas. Tax incentives are also available to businesses that hire qualified workers who both live and work within designated boundaries. Similar economic developments and hiring incentives are available to businesses at the federal level. Maximus leads the tax credit industry in administering the thousands of economic development incentives currently available to businesses. Our reporting system is capable of matching our clients’ locations with incentives from every tax jurisdiction level. We will report all economic development zone incentives that can provide tax savings, as well as other types of incentives.
Enterprise and Empowerment Zones
These negotiated and/or statutory tax incentives are offered to businesses to encourage economic development, often in designated areas or zones. We work in conjunction with your tax and real estate team to coordinate the necessary identifying and claiming procedures on local, state, and national levels. We administer the entire process, from identification to application and retrieval — searching out, identifying, and applying for all incentives that are advantageous to your business.
State Hiring Tax Credits
Many states offer their own hiring tax credits, targeting groups similar to those targeted by the federal program. Capitalizing on these state hiring tax credits gives you additional savings. Our experts help you navigate the process, screen candidates, and file the required paperwork.
Negotiated Benefits
In conjunction with state and local government incentives designed to encourage job creation and capital investment, tax incentives are also available to businesses that hire qualified workers who both live and work within designated boundaries. Similar economic development and hiring incentives are available to businesses at the federal level.
