--- title: "Credits & Incentives" url: "https://www.lbmc.com/services/tax/credits-incentives/" description: "Identify tax credits, grants, abatements, and economic incentives that support business growth, expansion, capital investment, and job creation with LBMC." site: "LBMC" type: "Page" published: "2026-07-06" updated: "2026-09-25" --- [Home](https://www.lbmc.com/) » [Services & Solutions](https://www.lbmc.com/services/) » [Tax](https://www.lbmc.com/services/tax/) » Credits & Incentives # Credits & Incentives Business growth often creates opportunities to reduce the cost of expansion through tax credits, grants, abatements, and other economic incentives. Identifying those opportunities early can improve project economics and help organizations maximize the return on their investment. LBMC helps businesses evaluate federal, state, and local incentive programs tied to capital investments, job creation, facility expansions, and relocation projects. Our team provides strategic guidance throughout the incentive process, helping organizations capture available opportunities and make informed investment decisions. Businesses evaluating previously claimed employment incentives should also monitor developments affecting programs such as the [Employee Retention Credit](https://www.lbmc.com/blog/employee-retention-credit-update/). ## Common Business Investments That May Qualify for Credits & Incentives Many tax credits and economic incentives are tied to planned business investments. Identifying available programs before decisions are finalized can help organizations reduce project costs, improve cash flow, and maximize the return on investment. Businesses often explore credits and incentives when they are: - Expanding operations or opening a new facility - Creating new jobs or growing their workforce - Relocating a corporate headquarters or business operations - Investing in manufacturing, distribution, or warehouse facilities - Purchasing equipment or making significant capital investments - Developing or investing in [Opportunity Zone projects](https://www.lbmc.com/blog/qualified-opportunity-zones-tax-real-estate/) - Evaluating multiple locations for a new project Unlike many incentive programs, these opportunities often require planning before hiring employees, purchasing property, signing a lease, or beginning construction. ### Timing Matters Many economic incentives must be identified and negotiated before a project begins. Engaging an advisor early can significantly improve the opportunities available to your business. Start a Conversation ## LBMC's Credits & Incentives Services Business incentives are most valuable when they’re identified early and aligned with your organization’s growth strategy. LBMC helps businesses evaluate available opportunities, negotiate incentive packages, and manage ongoing compliance so they can maximize the value of capital investments and expansion projects. ### Incentive Identification & Planning The first step is determining which federal, state, and local incentive programs may apply to your project. LBMC evaluates your business plans, investment timeline, workforce growth, and project location to identify opportunities that support your strategic objectives. **Services include:** - Credits and incentive eligibility assessments - Expansion and capital investment planning - Multi-state incentive evaluations - Opportunity Zone considerations - Site selection support ### Incentive Negotiation & Procurement Many economic incentives require direct engagement with state and local economic development agencies. LBMC helps businesses pursue available programs, negotiate incentive packages, and coordinate the application process. **Services include:** - Tax credits - Grants - Property tax abatements - Sales and use tax exemptions - Workforce training incentives - Infrastructure assistance - Headquarters and relocation incentives ### Compliance & Ongoing Advisory Securing an incentive is only the beginning. Many programs include reporting requirements and performance commitments that must be maintained over time. LBMC helps businesses monitor compliance, satisfy ongoing obligations, and reduce the risk of incentive repayment or clawbacks. **Services include:** - Compliance monitoring - Reporting assistance - Incentive agreement reviews - Performance tracking - Ongoing advisory support ### Don’t Miss Available Incentives Many tax credits and economic incentives must be evaluated before a project begins. Early planning can make the difference between qualifying for available programs and missing valuable opportunities. Talk to a Tax Advisor ## Why Choose LBMC for Credits & Incentives - **Strategic guidance that begins before major business decisions are made**, helping identify available incentives before projects, investments, or hiring plans move forward. - **Experience supporting business expansion, capital investment, and job creation**, helping organizations evaluate opportunities that align with their growth objectives. - **Coordinated access to specialized tax and advisory expertise**, including [Federal Business Tax](https://www.lbmc.com/services/tax/federal-business-tax/), [State & Local Tax](https://www.lbmc.com/services/tax/state-local-tax/), [Real Estate & Construction](https://www.lbmc.com/industries/real-estate-construction/), and [Manufacturing & Distribution](https://www.lbmc.com/industries/manufacturing-distribution/) professionals when additional guidance is needed. - **Practical support throughout the incentive process**, from opportunity identification and negotiations to compliance and ongoing reporting requirements. - **A long-term advisory relationship** focused on helping businesses maximize available incentives while supporting future growth and investment decisions. ## Industries We Support Business incentives often vary by industry, investment strategy, and project location. LBMC helps organizations identify credits and incentives that align with expansion plans, capital investments, workforce growth, and other strategic initiatives. #### Explore our expertise in: - [Manufacturing and Distribution](https://www.lbmc.com/industries/manufacturing-distribution/) - [Real Estate and Construction](https://www.lbmc.com/industries/real-estate-construction/) - [Private Equity](https://www.lbmc.com/industries/private-equity/) - [Healthcare](https://www.lbmc.com/industries/healthcare/) - [Technology](https://www.lbmc.com/industries/technology/) [Explore All Industries](https://www.lbmc.com/industries/) ## Credits & Incentives Resources - **[Tennessee Film Tax Incentives & Production Grants](https://www.lbmc.com/blog/tax-benefits-film-tv-production-tennessee/)** See how qualifying film, television, esports, and digital media projects may access Tennessee production incentives. - [**Tennessee Job Tax Credits and FastTrack Grants**](https://www.lbmc.com/blog/tennessees-job-tax-credit-and-fast-track-grant/) Learn how Tennessee Job Tax Credit and FastTrack grants work in 2026, including job thresholds, 25-year carryforward rules, and eligibility requirements. - [**Qualified Opportunity Zones Tax Benefits for Real Estate**](https://www.lbmc.com/blog/qualified-opportunity-zones-tax-real-estate/) Real estate investors have an opportunity for temporary and permanent tax deferral with Qualified Opportunity Zones. Learn more about the tax benefits. ## Frequently Asked Questions About Credits & Incentives **When should a business evaluate available credits and incentives?** The best time to evaluate credits and incentives is **before** making major business decisions. Expanding operations, purchasing property, investing in equipment, creating new jobs, or selecting a new location may qualify for valuable programs, but many incentives require planning before commitments are made. **What types of business incentives may be available?** Businesses may qualify for a variety of federal, state, and local incentives, including tax credits, grants, property tax abatements, sales and use tax exemptions, workforce training assistance, infrastructure support, and other economic development programs. Eligibility depends on the project’s location, industry, investment, and anticipated job creation. **Do credits and incentives vary by state?** Yes. Every state and many local governments administer their own incentive programs with different eligibility requirements, application processes, and compliance obligations. Businesses operating in multiple states often benefit from evaluating available opportunities before making investment decisions. **Can credits and incentives be combined with other tax planning strategies?** Often, yes. Credits and incentives are frequently evaluated alongside broader tax planning opportunities. LBMC brings together our [Federal Business Tax](https://www.lbmc.com/services/tax/federal-business-tax/), [State & Local Tax](https://www.lbmc.com/services/tax/state-local-tax/), and [Research & Development Tax Credit](https://www.lbmc.com/services/tax/research-development/) teams to help businesses develop coordinated tax strategies. **What happens after an incentive is approved?** Many incentive agreements include ongoing reporting requirements or performance commitments related to job creation, investment levels, or project timelines. Maintaining compliance is often necessary to preserve the value of the incentive and avoid potential repayment or clawback provisions. **How does LBMC help businesses identify available incentives?** LBMC helps businesses evaluate expansion plans, capital investments, hiring initiatives, and location decisions to identify incentive opportunities that align with their strategic objectives. Our team provides guidance throughout the process, from identifying opportunities and coordinating applications to supporting ongoing compliance. ## Meet Our Credits & Incentives Team LBMC’s Credits & Incentives professionals help businesses identify opportunities that support expansion, capital investment, and long-term growth. Working collaboratively with our Federal Business Tax, State & Local Tax, industry, and advisory specialists, our team helps organizations evaluate available incentives and maximize the value of strategic business investments. [![Amy Van Buren, CPA, is a Shareholder in LBMC Wealth Advisors in Nashville, specializing in partnerships, trusts, and tax solutions for high-net-worth families.](https://www.lbmc.com/wp-content/uploads/2025/07/Amy-Van-Buren-1-150x150.jpg)](https://www.lbmc.com/team/amy-van-buren/) ## [Amy Van Buren](https://www.lbmc.com/team/amy-van-buren/) #### Shareholder, Tax [amyvanburen@lbmc.com](mailto:amyvanburen@lbmc.com) [![April Mitchell, CPA, is a Knoxville-based Tax Shareholder advising high-net-worth individuals, trusts, and estates on complex tax matters.](https://www.lbmc.com/wp-content/uploads/2025/07/April-Mitchell-150x150.jpg)](https://www.lbmc.com/team/april-mitchell/) ## [April Mitchell](https://www.lbmc.com/team/april-mitchell/) #### Shareholder, Tax [april.mitchell@lbmc.com](mailto:april.mitchell@lbmc.com) [![Art Van Buren, CPA, is LBMC’s Healthcare Tax Shareholder in Nashville, serving for-profit healthcare and multi-state businesses with strategic tax services.](https://www.lbmc.com/wp-content/uploads/2025/07/Art-Van-buren-150x150.jpg)](https://www.lbmc.com/team/art-van-buren/) ## [Art Van Buren](https://www.lbmc.com/team/art-van-buren/) #### Shareholder, Tax [arthur.vanburen@lbmc.com](mailto:arthur.vanburen@lbmc.com) [![Ben Carver, CPA, is a Nashville Tax Shareholder at LBMC, advising healthcare and private equity clients on tax planning and ASC 740.](https://www.lbmc.com/wp-content/uploads/2025/07/Ben-Carver-150x150.jpg)](https://www.lbmc.com/team/ben-carver/) ## [Ben Carver](https://www.lbmc.com/team/ben-carver/) #### Shareholder, Tax [ben.carver@lbmc.com](mailto:ben.carver@lbmc.com) [![Bruce Beck, CPA, PFS, is a Nashville Tax Shareholder at LBMC, advising high net worth individuals and businesses on tax strategy.](https://www.lbmc.com/wp-content/uploads/2025/07/Bruce-Beck-1-150x150.jpg)](https://www.lbmc.com/team/bruce-beck/) ## [Bruce Beck](https://www.lbmc.com/team/bruce-beck/) #### Shareholder, Tax [bruce.beck@lbmc.com](mailto:bruce.beck@lbmc.com) [![Jay Hancock is a Shareholder at LBMC in Nashville, leading the State and Local Tax practice with 25 years of SALT experience.](https://www.lbmc.com/wp-content/uploads/2025/07/Jay-Hancock-Web-Headshots-150x150.jpg)](https://www.lbmc.com/team/jay-hancock/) ## [Jay Hancock](https://www.lbmc.com/team/jay-hancock/) #### Shareholder, Practice Leader State and Local Tax [jay.hancock@lbmc.com](mailto:jay.hancock@lbmc.com) [![Jeff Talley, CPA, is a Tax Shareholder at LBMC in Nashville, serving clients in manufacturing, real estate, nonprofits, and professional services.](https://www.lbmc.com/wp-content/uploads/2025/07/Jeff_talley-150x150.jpg)](https://www.lbmc.com/team/jeff-talley/) ## [Jeff Talley](https://www.lbmc.com/team/jeff-talley/) #### Shareholder, Tax [jeffrey.talley@lbmc.com](mailto:jeffrey.talley@lbmc.com) [![Jonathan Cooke](https://www.lbmc.com/wp-content/uploads/2025/07/Jonathan-Cooke-150x150.jpg)](https://www.lbmc.com/team/jonathan-cooke/) ## [Jonathan Cooke](https://www.lbmc.com/team/jonathan-cooke/) #### Shareholder, Tax [jonathan.cooke@lbmc.com](mailto:jonathan.cooke@lbmc.com) [![Kyle Baldwin](https://www.lbmc.com/wp-content/uploads/2025/07/No-tie-high-quality-150x150.jpg)](https://www.lbmc.com/team/kyle-baldwin/) ## [Kyle Baldwin](https://www.lbmc.com/team/kyle-baldwin/) #### Shareholder, Tax [kyle.baldwin@lbmc.com](mailto:kyle.baldwin@lbmc.com) [![Melissa Cothran](https://www.lbmc.com/wp-content/uploads/2025/07/Melissa_Cothran-150x150.jpg)](https://www.lbmc.com/team/melissa-cothran/) ## [Melissa Cothran](https://www.lbmc.com/team/melissa-cothran/) #### Shareholder, Tax [melissa.cothran@lbmc.com](mailto:melissa.cothran@lbmc.com) [![Paul Burris, CPA, is a Nashville-based Tax Shareholder at LBMC, advising corporations on ASC 740, compliance, and restructuring.](https://www.lbmc.com/wp-content/uploads/2025/07/burris-paul-150x150.jpg)](https://www.lbmc.com/team/paul-burris/) ## [Paul Burris](https://www.lbmc.com/team/paul-burris/) #### Shareholder, Tax [paul.burris@lbmc.com](mailto:paul.burris@lbmc.com) [![Sid Pilson](https://www.lbmc.com/wp-content/uploads/2025/07/Sid_pilson-150x150.jpg)](https://www.lbmc.com/team/sid-pilson/) ## [Sid Pilson](https://www.lbmc.com/team/sid-pilson/) #### Director, Tax [sid.pilson@lbmc.com](mailto:sid.pilson@lbmc.com) [![Tim Sturm, CPA, is a Nashville-based LBMC Tax Shareholder with expertise in family businesses and diverse industry tax matters.](https://www.lbmc.com/wp-content/uploads/2025/07/Tim_Sturm-150x150.jpg)](https://www.lbmc.com/team/tim-sturm/) ## [Tim Sturm](https://www.lbmc.com/team/tim-sturm/) #### Shareholder, Tax [timothy.sturm@lbmc.com](mailto:timothy.sturm@lbmc.com) [![Chuck Tomlin, CPA, is a Tax Shareholder at LBMC’s Nashville office, serving real estate, manufacturing, healthcare, and international clients in Nashville and Chattanooga.](https://www.lbmc.com/wp-content/uploads/2025/07/tomlin-chuck-150x150.jpg)](https://www.lbmc.com/team/chuck-tomlin/) ## [Chuck Tomlin](https://www.lbmc.com/team/chuck-tomlin/) #### Partner, LBMC India Professional Services, LLP, Leader in Chennai, India office and Shareholder, Tax Services, LBMC PC [chuck.tomlin@lbmc.com](mailto:chuck.tomlin@lbmc.com) [![Abigail Campbell](https://www.lbmc.com/wp-content/uploads/2026/01/Campbell_Abigail-150x150.png)](https://www.lbmc.com/team/abigail-campbell/) ## [Abigail Campbell](https://www.lbmc.com/team/abigail-campbell/) #### Managing Director [abigail.campbell@lbmc.com](mailto:abigail.campbell@lbmc.com) [![Nicole Jeppesen](https://www.lbmc.com/wp-content/uploads/2025/07/NJeppesenOfficeBackground2-150x150.png)](https://www.lbmc.com/team/nicole-jeppesen/) ## [Nicole Jeppesen](https://www.lbmc.com/team/nicole-jeppesen/) #### Chattanooga Market Leader, Shareholder, Tax [nicole.jeppesen@lbmc.com](mailto:nicole.jeppesen@lbmc.com) ## Don't Miss Available Incentives Many credits and incentive programs require planning before projects begin. If your organization is expanding, investing in facilities, creating jobs, or evaluating new locations, now is the time to explore available opportunities.