Recent Connecticut Tax Hike Could Lead to Corporate Relocations

Connecticut is one of the most expensive states for businesses and with the new $1.5 billion tax hike, large corporate companies may leave the state. While these Fortune 500 businesses are forming “exploratory teams” to analyze costs, most companies lack the in-house expertise to professionally asses tax and business costs across state lines.

The Duff & Phelps Business Incentives Advisory (BIA) practice is a national leader assisting businesses in realizing savings associated with relocating and obtaining economic development incentives. With dedicated incentives professionals strategically located across the United States, we can serve as your “exploratory team” and assess the following for your business:

  • Negotiating and obtaining relocation incentives;
  • Labor rates and labor pool availability;
  • Commercial lease rates;
  • Sales and use taxes;
  • Payroll taxes;
  • Personal property and real property taxes;
  • Electric, natural gas and other utility costs; and
  • Relocation expenses
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