In this byline article, Greg Burkart emphasizes that the key to pulling off a solar project in 2010 is the ability to obtain financing quickly.
The Massachusetts legislature has passed significant changes to the Commonwealth's Economic Development Incentive Program (EDIP), which was recently signed into law by Governor Deval Patrick and took effect on January 1, 2010.
One of the major challenges corporate tax departments face is ensuring the incentives secured are actually realized.
Securing a piece of the $67 billion American Recovery and Reinvestment Act (ARRA) funds designated for alternative energy initiatives is not a task for the faint of heart.
Duff & Phelps managing directors, Greg Burkart and Jerry Schwartzman, discuss the long-anticipated guidance on payments for specified energy property in lieu of tax credits (Section 1603 Grants).
Duff & Phelps managing director, Scot Butcher, discusses the new incentives in place at the federal level as well as the state and local levels that will help stimulate growth of life sciences companies and affect their location and investment decisions.
The US Department of Energy has a new grant opportunity for energy efficient building and industrial retrofits.
Duff & Phelps conducted a three-month review of several competing domestic and international locations and ultimately negotiated a retention package with the manufacturer’s home state.
On behalf of the client, Duff & Phelps negotiated and obtained offers of incentives valued at approximately $120 million. The agreement permits the company to expand its operations and obtain a pro-rata increase in its future incentives.
Last week, the U.S. Department of Treasury released its long-anticipated guidance on payments for specified energy property in lieu of tax credits. Along with the guidance, the Treasury released a sample application that eventually will form the basis of an electronic, online application as well as standard terms and conditions.
The American Recovery & Reinvestment Act ("ARRA") is providing a number of tax benefits and related incentives to encourage companies to decrease energy consumption, and concurrently produce environmental benefits.