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.
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
- 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.
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.
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, State & Local Tax, Real Estate & Construction, and 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:
Credits & Incentives Resources
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, State & Local Tax, and Research & Development Tax Credit 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.
Chuck Tomlin
Partner, LBMC India Professional Services, LLP, Leader in Chennai, India office and Shareholder, Tax Services, LBMC PC
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.