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Incentive Packaging
PSEG Economic Development Services and
its network affiliate, Biggins, Lacy Shapiro and Company, LLC., provides expert
planning and implementation of innovative coordinated incentive
packages of public sector programs. In addition, we assist clients
in integrating incentives into their business strategies. The types
of financial incentives include "as-of-right" programs to complex
multi-layered "packages" involving municipal and state discretionary
incentives for a broad range of large-scale commercial and
industrial projects. Such incentives frequently include:
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Real estate and personal property tax
abatement
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Sales tax abatement on equipment and
construction materials
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Corporate tax credits
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Tax exempt or taxable bond financing
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Structured sale-lease back or synthetic
lease financing formats through public entities
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Grants for customized employee training
programs and relocation costs
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Tax increment financing or public sector
infrastructure investments in lieu of private investments (e.g.,
including traffic improvements, structured parking, utility
extensions and other investments)
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Below market land purchases or leases
from public or quasi-public sources
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Grants or loans for direct costs,
including equipment purchases
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Public sector assistance with
development approvals
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Development of new or amended programs
or legislation
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Other customized incentives designed
around client specifications
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