Business Incentives Consulting | Five Points Strategic Advisors

Unlocking Wisconsin’s Incentives for Manufacturers: A Guide to Expanding or Relocating

When it comes to site selection and expansion, manufacturers are always looking for the most strategic location with the best combination of workforce, logistics, and financial incentives. Wisconsin stands out as a prime destination for manufacturers considering new locations or expansions. With its…

Many associate cars parked on big parking lot in front of industrial factory building. Manufactoring and global industry concept

Maximizing Savings and Growth: How Manufacturers Can Benefit from South Carolina’s FILOT Program

Insights

For manufacturers seeking a competitive advantage in site selection and expansion, South Carolina offers a compelling incentive: the Fee-in-Lieu-of-Tax (FILOT) program. Designed to reduce property tax burdens, FILOT provides significant cost savings for qualifying businesses, making South Carolina an…

Unlocking Economic Growth: How Local Developers Can Leverage the New Markets Tax Credit to Attract Businesses

Insights

For local economic developers, securing investment and fostering economic growth is a constant challenge. Communities must leverage every available tool to attract businesses, create jobs, and enhance local prosperity. One powerful yet often underutilized tool is the New Markets Tax Credit (NMTC) program.…

The End of Chapter 313 and the Rise of JETI Texas.jpg

The End of Chapter 313 and the Rise of JETI: A Shift in Texas Economic Incentives

Insights

For years, Texas was one of the most aggressive states in the country when it came to using tax incentives to attract large capital investments. At the heart of its strategy was the Chapter 313 program, formally known as the Texas Economic Development Act. However, the program was allowed to expire at…

The Politics of Corporate Site Selection: Why Economic Development Must Remain Apolitical

Insights

In the world of corporate site selection, the process of choosing where to invest and expand operations is often framed as a purely economic exercise. Companies assess key factors such as workforce availability, infrastructure, supply chain logistics, and market access. However, economic development…

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State-by-State Guide to Available State and Local Incentives for Manufacturers

Insights, Manufacturing

Choosing the right state for a manufacturing facility involves evaluating the available state and local incentives. These programs can help offset costs, improve profitability, and foster growth. Here’s a comprehensive state-by-state guide to some of the most notable incentives available for manufacturers: Alabama Alabama…

Workers in a large manufacturing facility

The Five Best States for State and Local Incentives for Manufacturers

Insights, Manufacturing

Choosing the right state to locate a manufacturing facility involves evaluating many factors, and state and local incentives often play a significant role. These incentives can reduce upfront costs, improve long-term profitability, and provide a competitive edge. Here are five of the best states for…

The Challenges and Opportunities Facing the Controlled Environment Agriculture Industry

Agriculture, Insights

The controlled environment agriculture (CEA) industry is reshaping the way we produce food, leveraging technology to create optimized growing conditions indoors. With the potential to address global food security challenges, minimize environmental impact, and enhance supply chain resilience, CEA represents…

Manufacturing facility producing metal goods

Why Texas Stands Out for Manufacturing Companies: A Comparison with Other States

Insights, Manufacturing

The decision of where to locate a manufacturing facility is critical, and companies must weigh numerous factors to ensure their choice aligns with long-term business goals. Texas has become a leading contender for manufacturing companies, consistently ranking among the top states in the U.S. for business-friendly…

Why Your Company Should Think Twice Before Accepting an Incentive Offer

Incentives, Insights

Incentives can often seem like a golden opportunity for businesses. Whether it’s a tax break, grant, or subsidy, these offers are designed to drive growth and encourage participation in projects. However, not all incentives are created equal, and in some cases, it may be wise to decline an offer. Here…