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Movers and takers: are you getting stiffed on relocation incentives?(Smarts)(Brief Article)

Entrepreneur

| March 01, 2003 | Monahan, Julie | COPYRIGHT 2003 Entrepreneur Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

STATES ACROSS THE COUNTRY enthusiastically wave the banner of business friendliness. But when it comes to handing out financial incentives, most companies miss out.

According to a survey released in September 2002 by PricewaterhouseCoopers, one in four of the small and middle-market companies received help to fund expansion or relocation plans. Those who qualify for tax breaks, low-interest loans and cash grants were also more likely to be manufacturers than service companies, though service businesses represent a faster-growing sector of the economy.

Both trends signal a gulf between expanding businesses and state and local governments. "State and local jurisdictions don't target the middle-market companies to the extent they do bigger companies," says Steve Hamm, managing partner of middle-market advisory services for ...

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