Governments at the local, state and federal level create a wide range of incentives for businesses. Many start with special interest groups who lobby for special programs. Others are in response to economic crisis. Yet others grow out of the desires of leaders who wish to advance certain causes.
However they come about, many remain available for other companies. The challenge is there are hundreds of thousands of programs nationwide. Finding the right programs for you and your business can be like finding the proverbial needle in a haystack.
Let the experts at Cloverfield Advisors work with you, identify the right programs and work with you to secure the funding you want. These funds often come as grants, incentives and tax credits.
Some are earmarked for specific uses while others can be used by the owner for any purpose, including withdrawing the funds from the business for their own personal use.
Types of Incentives, Tax Credits & Grants
First, We Learn About Your Business
Every business is unique, and our job is to find the right programs and incentives for the way you do business.
We will work with you to look at:
- Products and services you offer
- What research and development you conduct
- Who you hire
- Where you operate your business
- Whether these factors qualify you for incentives
- Analyze your payroll, expenses, capital projects and investments
- Study your strategic path forward
- How you can modify your operations to better qualify for incentives going forward
- … and much more
We Find the Right Programs for You
Whether R&D, real estate or energy related, employment focused or based on other criteria, we look at a wide range of opportunities for your business.
We come back with specific programs in mind and dive deeper into your operations and numbers.
Our goal is to find as many programs as you legally qualify for. This can generate significant incentives, both looking back at prior activities as well as looking prospectively at years to come.
In the end, we work with you to submit require applications, documentation, tax forms and other related materials to qualify you into these programs.
Analyze Your Numbers and Business Operations to Justify Incentives
Our team will work with you to analyze your business operations, expenses, employment data, research and development activities and other information. Based on the data we collect, we produce financial models to justify incentives, tax credits, grants and other funding opportunities.
This process can take weeks to months of effort on our end, depending upon the complexity of your business and the availability of data.
In the end, we come to you with actionable intelligence that allows us to initiate the incentives for you and your business.
Maximize Your Results
Our goal is to help you secure as many incentives as laws allow. Some programs have caps, financial history requirements (such as the number of employees undertaking particular tasks) and forward requirements.
With many of these programs, the incentive is the reward for having completed a series of steps that are deemed desirable and rewardable.
Often these funds are received, tax free, for use at the discretion of business owner. Many withdraw these incentives – which can be entirely legal. Remember, these are incentives for what you’ve already completed.
Other programs are forward looking. We need to be sure you follow the right steps to maximize the results. For example, when hiring veterans or disabled individuals, certain incentives apply. However, you need to keep these individuals employed to earn those incentives forward.
This can be daunting. Our experts are here to help you.