Incentives –

Governmental incentives should be maximized to offset any undesirable economic condition in an otherwise favorable location, and to provide the fullest available benefits to your business. We have been successful in negotiating various incentives, including free land and buildings, refundable tax credits, recruitment, training, infrastructure and tenant improvements.

The process commences with exhaustively researching all economic objectives, including wage rates, taxes, labor climate, employment rates, demographics, and utility rates in competing locations through the use of demographic and statistical sources of data. Transcorp would then exclusively present a Request for Proposal ("RFP") to an economic development agency from each of the localities in which one of the prospective sites is located, outlining your requirements in terms of that state and municipality’s incentives. The following are among the terms which the project team will specifically ask the economic developers commitment letters to address:

Tax credits, refunds, relief and abatements.

Renaissance, empowerment and enterprise zones.

Training grants.

Infrastructure development funding.

Technical education.

Worker recruitment.

Financing and bonds.

Historic preservation, redevelopment, reuse, remediation and renewal funding, if applicable.

Final negotiations are conducted with the agencies from the competing municipalities, exclusively by Transcorp to maximize the available incentives, and compensate for any discrete economic shortfalls in the leading alternatives. Transcorp will obtain a binding commitment from the agency prior to any announcement of a decision to select one of the alternatives. All possible local factors in a successful site selection are considered and addressed in the process.