Credits and Incentives
BY:
Tim Lima
In today’s tough economic times, all companies are looking for a little extra help to increase their bottom lines. Firms in the auto industry and the aerospace industry have a distinct advantage. These two industries are highly coveted by state and local governments and are eligible for most state and local tax credits, incentives, grants and low interest financing programs. These incentives can be broken up a number of ways. The first step typically is to separate statutory incentives (i.e. “Credits”) from negotiated incentives (i.e. “Incentives”). more....