Attracting and retaining a skilled workforce is becoming increasingly important to the long-term success of many companies. These organizations are willing to relocate or open new facilities to tap workforce clusters that are moving and shifting as more millennials enter the labor force. 

Duff & Phelps has a proven track record of assisting companies with location strategies in the U.S. and around the globe. Clients look to Duff & Phelps’ world-class site selection and economic development specialists for guidance on identifying clusters of skilled workforce and finding dynamic communities that attract and retain talented employees.  

Emerging workforce centers and overlooked cities offer significant tax and non-tax financial incentives to businesses in return for job creation and capital investment. Duff & Phelps is a leader in helping businesses find these cities and secure such incentives. Since inception of the practice, we have worked on projects involving $12.4 billion of capital investment and have secured more than $3.5 billion of incentives.

Duff & Phelps offers the agility, expertise and local contacts to help companies select sites that meet future workforce needs and secure value from business incentives, reduce above-the-line operating costs, enhance cash flow and raise return on investment. We understand the importance of approaching governments well in advance of a project's announcement. Incentives may be available if a company is adding 10 or more employees to a single location or expending at least $1 million to create or expand new facilities or relocate operations.

Key Areas:

• New Markets Tax Credit (NMTC) Consulting

Related Blogs:

• View our state and local tax blog