Duff & Phelps Announces Name Change Business Incentives Advisory Service

NEW YORK - Duff & Phelps, the premier global valuation and corporate finance advisor, today announced that it has changed the name of its Business Incentives Advisory service to Site Selection and Incentives Advisory. The change reflects Duff & Phelps increasing prominence assisting businesses seeking new locations and negotiating significant tax and non-tax financial incentives in return for job, capital, and research and development investment. This includes working on projects involving $12.4 billion of capital investment and securing approximately $3.5 billion of incentives.

Gregory Burkart, Managing Director and Leader of Duff & Phelps Site Selection and Incentives Advisory service line, commented, "Amid renewed capital investment, states and local governments are intensifying their effort to attract new companies and jobs with incentives and tax breaks. Our renamed Site Selection and Incentives Advisory business more clearly reflects our agility, expertise and relationships on behalf of clients seeking to benefit from this profound economic trend."

Over the past six months, Duff & Phelps Site Selection and Incentives Advisory service line has seen considerable momentum. Highlights include the following:

• Companies establishing headquarters and research and development facilities in urban cores to attract and retain millennial workers
• Foreign companies investing in new manufacturing opportunities throughout the U.S.
• U.S. manufacturers restructuring their supply chains to accommodate potential changes in trade deals
• Developers and operating companies tapping into New Markets Tax Credits to provide financing and cash subsidies for their projects

In addition to the name change announced today, Duff & Phelps Site Selection and Incentives Advisory practice continues to expand in targeted growth areas such as New Markets Tax Credits. Duff & Phelps is also actively hiring new professionals across the country to ensure its growing service line is optimally positioned to assist clients.

About Duff & Phelps

Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, disputes and investigations, M&A, real estate, restructuring, and compliance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world. For more information, visit www.duffandphelps.com.

M&A advisory, capital raising and secondary market advisory services in the United States are provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. Pagemill Partners is a Division of Duff & Phelps Securities, LLC. M&A advisory and capital raising services in Canada are provided by Duff & Phelps Securities Canada Ltd., a registered Exempt Market Dealer. M&A advisory, capital raising and secondary market advisory services in the United Kingdom and across Europe are provided by Duff & Phelps Securities Ltd. (DPSL), which is authorized and regulated by the Financial Conduct Authority. In Germany M&A advisory and capital raising services are also provided by Duff & Phelps GmbH, which is a Tied Agent of DPSL. Valuation Advisory Services in India are provided by Duff & Phelps India Private Limited under a category 1 merchant banker license issued by the Securities and Exchange Board of India.