Federal and many state and local jurisdictions offer incentives to entice businesses to invest locally to encourage economic growth. The financial benefits provided by these incentives may be applied in the form of income tax, sales tax, payroll tax, property tax, cash grants, or other financial benefits.
Although each program is unique regarding its specific goals and objectives, increasing business growth is an underlying focus (e.g. job creation and capital investment) as well as an emphasis on employing individuals with certain barriers to employment.
Hiring targeted groups of individuals (e.g. Native Americans, Veterans, Lower income household)
Growing or expanding a business
Locating a business in metropolitan, industrial, or rural areas
Relocating a business