Governmental Financial Incentives and Tax Credit Program 
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Description
BIO has partnered with Location Management Services (LMS), the leading provider of incentive negotiation and compliance management services, to assist member companies with the identification, negotiation and implementation of various governmental financial incentives and tax credits applicable to biotech companies. With a unique network of 37 offices nationwide and established and knowledgeable local field representatives with over 17 years average experience in the industry, LMS has realized more than $2 billion in incentives and completed over 700 projects for its clients. Using a proprietary database system, LMS will conduct an analysis of the available financial incentives and tax credits on a prospective or retroactive basis for each member company's facility or location and propose strategies for negotiating, collecting, monitoring and the ongoing documentation of the entire incentive process. There are no upfront fees for incentive analysis and negotiation. Fees are on a contingency basis over the life of the financial incentive actually collected.
Member Benefits:
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Governmental financial incentive identification, negotiation and compliance management |
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No upfront fee for incentive analysis and negotiation; the service is provided on a contingency fee basis of 15% over the life of the governmental incentives actually collected |
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Incentive eligibility review as far back as seven years |
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Analysis of multiple facilities or locations of each member company |
Examples of incentives that can be negotiated on the client's behalf are:
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| State Tax Credits |
| Employee Hiring Credits |
| Enterprise Zone Credits |
| Investment Tax Credits |
| Pollution Control Credits |
| Renewal Zone Credits |
| Training and Retraining Credits |
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| Grants and Abatements |
| Full or Partial |
| Abatement of Taxes |
| Free or Reduced Cost land |
| Sales and Use Tax Exemptions |
| Sales Tax Sharing Agreements |
| Grants to Offset Building or Relocation Costs |
| Federal Empowerment Zone |
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| Infrastructure Improvements |
| Tax Increment Financing |
| Community Development Block Grants |
| Industrial Development Bonds |
| Infrastructure and Economic Development Bank |
| Sewer and Water Improvements |
| Transportation Grants |
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Eligible Association Members
Many state/regional biotechnology associations have partnered with BIO to offer their members the benefits of the BIO BUSINESS SOLUTIONSsm program. Please check back for an updated list of participating associations.
More Information
For more information about the BIO program, contact John Schuetz of Location Management Services at (949) 472-1180 or by email at jschuetz@locationmgmt.com.
To learn more about Location Management Services, visit www.locationmgmt.com. |
