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Overview
Arace & Company LLC provides assistance to Businesses and Real Estate Developers in applying for and securing Municipal, State and Federal economic development incentive packages. The assistance generally comes in the form of Tax and Cost Abatements, Grants, and Low Interest loans.
Arace & Company focuses on providing access to the billions of dollars in economic incentives available to the business community, but which in many cases has gone under subscribed. By focusing on this economic development sector, our firm provides access to a frequently untapped source of capital for its client. This benefit is accomplished by allowing our clients to either directly reduce the capital required for its projects, or assist them to secure funding, which will reduce their operating cost. >> |
Services: Arace & Company will represent a client as if it were an internal business and project development department. Our service begins with a complete understanding of the client’s needs, including the relevant project, business objectives and any constraints that may effect the assignment. We also believe that many companies forego economic development incentives since they need to remain anonymous -- in order to avoid the competition becoming aware of their growth plans. Our Staff have frequently dealt with this very issue, and can approach the appropriate Government Officials in an appropriate and effective manner. Each Governmental economic development organization has a menu of incentives to be used to lure and retain and/or create new jobs. These incentives vary widely from State to State and Locality to Locality. The most common forms of incentives are Real Estate Tax Abatements, Sales Tax Exemptions, Capital Grants, Tax Credits, >> |
Training Grants, Utility Discounts, Infrastructure Grants Low Cost Financing and Specialized Economic Zone Benefits. Arace& Company will screen the various incentive programs to insure that the client receives the maximum available benefits.
The last several years has seen an expansion in the number and types of business that provide corporations and developers with access to economic development incentives from government agencies. Over this same period both the amount of the incentive packages and the complexity of receiving an incentive proposal have also increased.
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