Why? What?
Governments use public funds to help incentivize private economic development in order to strengthen the community’s economic viability. Incentives can take a variety of forms such as tax breaks, building supporting infrastructure, or workforce development. Jurisdictions use these incentives to pursue economic goals such as tax base diversification, job creation, housing stock creation, or business retention and expansion.
What Types Of Incentives Are There?
There are generally two types of incentive programs available, earmarked and non-earmarked.
Earmarked
Earmarked funds must be spent in a specific manner. Typical of these earmarked programs are grants used to improve sound proofing, diminish light pollution, train employees, extend rail spurs, or add goose neck lighting in historic districts.
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Non-Earmarked
Non-earmarked funds are the good ones. They provide a cash payment to the owner just for being the owner.
No Strings Attached Money = GOOD
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How could I not Know about these Programs?
These programs go unadvertised, are confusing even if you know about them, and the many governmental agencies overseeing them are not helpful and provide little guidance.
List of Widely Available Incentive Programs - How Many Are You Familiar With?
Environmental Quality Incentive Program (EQIP)
Agricultural Partners and International Trade Leads Export Control Regulatory Compliance Assistance Bureau of Industry and Security (BIS) Online Training Emerging Markets Program for U.S. Agricultural Exports Environmental Exports Program Small Business Export Credit Insurance Medium and Long-Term Loan Guarantees Working Capital Loan Guarantee Export Trade Certificate of Review Program Foreign Market Development Program Manufacturing Extension Partnership (MEP) Manufacturing Extension Partnership (MEP) Funding Opportunities International Buyer Program (IBP) Office of Textiles and Apparel (OTEXA) Export Promotion Program Overseas Private Investment Corporation (OPIC) Financial Products |
Quality Samples Program (QSP)
Trade Compliance Center U.S. Foreign-Trade Zones (FTZ) Program Advanced Technology Vehicle Manufacturing Loan Program Clean Energy Loan Guarantee Program (Title XVII) EB-5 Immigrant Investor Visa Program Farm Storage Facility Loan Program Fisheries Finance Program Business Physical Disaster Loan Build America Bureau Employment and Training Administration Grants Farmers Market Promotion Program (FMPP) NOAA Small Business Innovation and Research (SBIR) Program Office of Energy Efficiency and Renewable Energy (EERE) Funding Regional Innovation Clusters Initiative |
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