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Downsizing and Consolidating Operations

The current economic environment is having negative impacts on almost every industry and business. There are ways to help mitigate the impact it is having on your business and save your company money.

Is your company involved with any of the following?

  • Consolidating operations
  • Reducing employment at existing locations
  • Investing in plant and equipment that will upgrade technologies but reduce employment levels
  • Making routine capital investments to maintain operations and retain employment
  • Losing incentives already secured due to lack of stated investment and job creation goals
  • Retraining existing workforce

In the current economic environment, governmental jurisdictions are focusing on the retention of existing business operations and existing jobs.

incentis group professionals provide a comprehensive approach to assisting companies with obtaining state and local credits and incentives for companies that may be downsizing or consolidating operations. Our approach addresses all steps important to effectively maximizing benefits for our clients while successfully positioning them to establish and maintain strong working relationships with states and communities.

  • Renegotiating current incentives agreements in order to maintain levels of assistance even when job and investment goals are not being met
  • Identifying state and local opportunities for our clients
  • Developing and presenting of formal project presentations to state and local authorities
  • Demonstrating the economic and fiscal impacts that new investment and jobs will provide to the state and local economies
  • Structuring and negotiating a lucrative state and local economic incentives package
  • Preparing and submitting required applications and documents
  • Participating in public hearings necessary to obtain formal approvals for negotiated incentives
  • Reviewing and negotiating agreements and other documents associated with granted incentives from a financial and operational perspective to maximize benefits and minimize “clawbacks” and penalties
  • Developing and implementing a plan to perform required compliance reporting and filings in order to maintain benefits that have been secured

incentis group can help your company secure economic incentives during these tough economic times or retain the benefits you have already received. Please contact one of our professionals below for more information:

Lawrence Kramer
Cleveland, OH
(216) 408-1133
lkramer@incentisgroup.com

James Gomochak
Chicago, IL
(312) 421-3482
jgomochak@incentisgroup.com

Rita Williams
Cincinnati, OH
(513) 651-6786
rita.williams@incentisgroup.com

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