Brown Edwards provides guidance to out-of-state developer on economic incentives
A large shopping center developer in from another state was building a new complex which would house seven tenants in Southwest Virginia. The developer was not aware of possible tax credit opportunities or similar economic incentives for investment in the area and requested Brown Edwards take a look.
Brown Edwards Solution and Guidance
Through our comprehensive state enterprise zone tax credit search, we were to identify that this piece of property was within an enterprise zone. With our interoffice efforts and knowledge, we were able to work with the client to identify all of the expenditures that qualified for the Real Property Investment Grant. We preformed the required agreed upon procedures from the state of Virginia, and timely submitted all of the required documentation.