Image of Salt Lake City with mountains and the text "the different types of incentives for

Types of Economic Development Incentives for Businesses

What are Economic Development Incentives for Businesses? An economic development incentive is generally known as cash or non-cash (tax benefits, in-kind support) assistance provided by federal, state, and local governments. These incentives are employed to attract or retain business operations within their jurisdiction. Incentives come in many forms, from financial support to in-kind-support, and tax …

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Chips play a vital role in the U.S. economy, including aerospace, auto, communications, defense systems, and others. The U.S. only manufactures 12% of the world's commercial chips. Most chips are produced in southeast Asia.

Still Up for Grabs – CHIPS Act Incentive Funds

The recent 7.2 magnitude earthquake in Taiwan has spotlighted implications as it relates to the global supply chain. Taiwan is home to many chipmakers; Taiwan Semiconductor Manufacturing Co (TSMC) is the world’s largest contract chipmaker, and a major supplier to brands like Apple. In fact, most semiconductor manufacturing is done in southeast Asia. The United …

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Southern Roots Nut Co. plans processing facility in Alabama

The pecan processing facility would bring 120 jobs to Dothan By Business Alabama Staff March 11, 2024 New Mexico-based Southern Roots Nut Co. plans to open a pecan processing facility in Dothan, creating 120 jobs. The company chose Dothan over a competing location in Georgia. The company will invest $16.6 million to outfit an existing …

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Public Private Partnerships and Incentivizing Industrial Product Development

Written by Jenae Valentine for Area Development Magazine Public Private Partnerships (P3s) are vital to a community’s growth. Collaboration between the public and private sector fosters opportunities like development projects that result in creating or retaining jobs as well adding to the tax base of a community. Land development isn’t the only benefit to these …

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NOVA Chemicals Plans New Indiana Mechanical Recycling Facility to Power Sustainability, Circular Economy

CONNERSVILLE, Ind. (July 18, 2022) – NOVA Chemicals Corporation, a Canada-based producer of sustainable polyethylene, announced plans today to expand its Circular Solutions business, establishing its first mechanical recycling facility in Connersville. The new facility, which will be operated by Novolex Holdings LLC – a leading developer of packaging products for foodservice and industrial markets with …

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ACE Hardware Selects Missouri for New Distribution Center

Leading retailer brings job growth and economic development to the Kansas City area KANSAS CITY, MO., – Ace Hardware Corporation, the world’s largest retailer-owned hardware cooperative, announced plans to open a new Retail Support Center (RSC) in Kansas City, Missouri. The new facility, spanning approximately 1.5 million sq. ft., is projected to be fully operational …

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Governor Lee, Commissioner McWhorter Announce 6K Energy To Establish Battery Material Manufacturing Plant In Jackson

Cathode active materials producer to create 230 new jobs in Madison County, with a total investment of $200+ million NASHVILLE, Tenn. –  Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and 6K Energy officials announced today the company will invest in a full-scale PlusCAM™ battery material manufacturing plant in Jackson, Tennessee. …

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Jessica D’Annunzio Named Executive Vice President of Maxis Advisors

Atlanta, Ga. (May 10, 2023) – As Foundry Commercial continues to build out verticals ranging from corporate solutions to retail investment, the firm announces it has hired Jessica D’Annunzio as Executive Vice President leading Maxis Advisors, a location analysis and incentives advisory firm that Foundry acquired in late 2021. Maxis has experienced significant growth in the past …

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Australian Environmental Company Selects Iredell County for its First North American Operation

EPOC Enviro to create 200 new jobs and invest $4 million in Statesville. Raleigh, N.C. – EPOC Enviro, a PFAS remediation company, will create 226 new jobs in Iredell County, Governor Roy Cooper announced today. The company will invest more than $4.1 million to locate its first North American production site to Statesville. “We’re excited …

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Our clients say it best. Here are just a few reviews from our clients who represent a variety of industry types, companies, and geographic areas.

Damien Lamendola

Having you on this project was one of the best decision’s we made.  We won’t do another project without you.

Mr. Damien Lamendola
President & CEO, WellDyne, Inc. - Centennial, Colorado

David M. Walsh

Hiring you was one of the best decisions we made on our project.  You accommodated our management style and you really added value. We appreciate everything you've done for us.

Mr. David M. Walsh
Sr. Vice President, Manufacturing & Service, Mitsubishi Power Systems Americas, Inc. - Orlando, FL

Suzanne Rudy

We have found the benefit of using DAI to be twofold; (1) their ability to focus on the task at hand and (2) the knowledge and expertise they bring to this area of the project.

Ms. Suzanne Rudy
Corporate Treasurer, RF Micro Devices. - Greensboro, North Carolina

Alan Asbury

I am sure you know this but your clients think you guys walk on water.  We’re looking forward to working with you.

Mr. Alan Asbury
Controller, Mountaire Farms. - Lumber Bridge, North Carolina

Robert Heuts

We’ve worked successfully with DAI on several multimillion-dollar projects and our experiences with them have been mutually beneficial.  They clearly define expectations for their projects up front and are very easy to work with.

Mr. Robert Heuts
Executive Director, Lee County Economic Development Corporation - Sanford, North Carolina

Kelly Moore

We were delighted to collaborate with Maxis Advisors to secure incentives for our new manufacturing location in Winston-Salem. The partnership and dedication of their team have been instrumental in streamlining the process, enabling us to remain focused on operational needs while maximizing our potential and accelerating our growth. We are grateful for their support and look forward to the remarkable opportunities that lie ahead.

Mrs. Kelly Moore
Chief Financial Officer, Tex-Tech Industries

Thanh Nguyen

Maxis Advisors played a critical role in helping us navigate the complexities of selecting a location and securing incentives for our first production facility. From the beginning, they understood our priorities and provided guidance to ensure our final location supported our construction timeline, Department of Energy grant goals, and long-term operational needs. Most importantly, their team’s strong relationships with states and communities matches our organization’s culture and values, and we are grateful to have them as a partner.

Mr. Thanh Nguyen
Senior Vice President, 6K Inc.

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