ECONOMIC INCENTIVES
Today's challenging credit, capital, and investment markets put additional pressure on trying to expand or launch new initiatives. Yet these very challenges create great opportunity for those willing to explore creative solutions.
RL Pelshaw's proven track record means success for you - whether you need a negotiated economic incentive, a program based incentive, or a grant. Let us go to work for today to find the solution you need to launch your project.
Below is a summary of various types of Economic Incentives that Pelshaw and his team can assist you with.
RL Pelshaw's proven track record means success for you - whether you need a negotiated economic incentive, a program based incentive, or a grant. Let us go to work for today to find the solution you need to launch your project.
Below is a summary of various types of Economic Incentives that Pelshaw and his team can assist you with.
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NEGOTIATED ECONOMIC INCENTIVES
First and foremost is the Negotiated Incentive, which is whatever economic incentives may be available in a locality for a given project. These vary dramatically, and follow no set criteria or pattern, and often work with other programs. This further accentuating your need for a skilled and experienced professional to make the best deal available for you. The incentive can be a special tax break, land, in kind work, low interest loans and grants, infrastructure, or anything you can imagine depending on the scope and vision of your project.
TAX INCREMENT FINANCING (TIF)
Tax Increment Financing is an exciting widely used economic incentive tailored primarily for projects that at some level involves real estate improvements. With specific criteria, Getting TIF requires a political process and specific criteria. The efforts to get TIF are worth about 12% of your total project costs in up front cash depending on the structure of your deal.
SALES TAX REBATES
Many states, counties, and cities have programs that allow some form of a rebate of future sales taxes your project generates to be used to help make your project a reality.
NEW MARKET TAX CREDITS (NMTC)
New Market Tax Credits (NMTC) are a powerful but not widely used tool for economic development. With a wide range of applications, from real estate deals, business acquisitions, business expansions, and more, NMTC can be a source of cash equity of up to 20-25% or more of your total project costs, if it qualifies.
HISTORIC TAX CREDITS
Historic Tax Credits are a Federal program designed to protect and place historic structures into productive service. While the program requirements are complex, they can garner substantial benefits and additional cash equity for those real estate development or restorative projects that might be eligible.
NEGOTIATED ECONOMIC INCENTIVES
First and foremost is the Negotiated Incentive, which is whatever economic incentives may be available in a locality for a given project. These vary dramatically, and follow no set criteria or pattern, and often work with other programs. This further accentuating your need for a skilled and experienced professional to make the best deal available for you. The incentive can be a special tax break, land, in kind work, low interest loans and grants, infrastructure, or anything you can imagine depending on the scope and vision of your project.
TAX INCREMENT FINANCING (TIF)
Tax Increment Financing is an exciting widely used economic incentive tailored primarily for projects that at some level involves real estate improvements. With specific criteria, Getting TIF requires a political process and specific criteria. The efforts to get TIF are worth about 12% of your total project costs in up front cash depending on the structure of your deal.
SALES TAX REBATES
Many states, counties, and cities have programs that allow some form of a rebate of future sales taxes your project generates to be used to help make your project a reality.
NEW MARKET TAX CREDITS (NMTC)
New Market Tax Credits (NMTC) are a powerful but not widely used tool for economic development. With a wide range of applications, from real estate deals, business acquisitions, business expansions, and more, NMTC can be a source of cash equity of up to 20-25% or more of your total project costs, if it qualifies.
HISTORIC TAX CREDITS
Historic Tax Credits are a Federal program designed to protect and place historic structures into productive service. While the program requirements are complex, they can garner substantial benefits and additional cash equity for those real estate development or restorative projects that might be eligible.
LOW INCOME HOUSING TAX CREDITS
The Low Income Housing Tax Credit Program is a proven effective means for developing multi family housing with substantial benefit to the property owner and/or developer. To receive the LIHTC one must win a competitive process, and agree to ongoing program compliance for a 15 or 30 year period or more. LIHTC can be complex, and are not for everyone - let us help you determing if LIHTC work for your project.
COMMUNITY DEVELOPMENT BLOCK GRANTS (CDBG)
Community Development Block Grants (CDBG) are a tool used primarily for urban real estate development. The recession has made the CDBG funds more competitive, which is why you need a professional that can best position your project if in fact CDBG could be viable for it.
GRANTS
Grants available vary daily, but an experienced grant writer can research eligible programs and and find funds for your project. Ask how we can help.
GRANTS
Grants available vary daily, but an experienced grant writer can research eligible programs and and find funds for your project. Ask how we can help.
R.L. Pelshaw, Broker-Consultant
PO Box 460671
Papillion, NE 68046
OFFICE 402.932.7777
FAX 888.389.6195
bob@pelshawgroup.com
