Projects involving a significant capital investment and number of new jobs may qualify for the region's agressive incentive program. Incentives are offered to both new and expanding properties. In order for the Highlands Economic Partnership's economic development team to determine if your project is eligible to recieve incentives, we will need to know the following general project informaion: total proposed capital investment, number of net new jobs to be created, and wages of the newly created jobs.
Manufacturing, distribution, call center, or data center projects meeting the minimum requirements may qualify for a Payment in Lieu of Tax (PILOT) agreement. This program can enable a company to substantially reduce its tax burden during the critical early phases of operation. Companies are eligible to take advantage of the PILOT by entering into a lease-back agreement with the Industrial Development Board of the respective community where the project is planned. PILOTs are considered on a case-by-case basis and are based on an analysis of job creation, capital investment and wage rates.