In the negotiation phase, due diligence should be near completion on the real estate and respective communities. When the decision is narrowed to at least 2 states, negotiations start to materialize into incentive offer letters. At the end of this phase, your company should have enough information to make an informed site selection decision.
Steps in Phase 3 - Negotiation
Things to remember:
- States compete against each other for business recruitment daily and offer a variety of incentives. Incentives are typically in the form of tax credits and grants.
- Local incentives normally are usually in the form of property tax incentives and grants to offset infrastructure costs.
- Training and recruitment assistance can also be offered at the state and local levels.
- When reviewing real estate, take into account the infrastructure requirements (utilities, environmental, roads, traffic signals, etc.) and the timing for permitting/zoning approvals.
Disclaimer: The information provided on this Resource Page about organizations, businesses or services is for general informational purposes. Inclusion does not mean that Walmart Inc. endorses any organization, business or service. Further, Walmart Inc. cannot and does not make any guarantees as to the quality of services or products provided by any organization, business or service listed here.