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incentive:

. . . something intended to motivate. An incentive offer is intended to make it worthwhile for its recipient to decide on a particular course of action beneficial to its offeror. For example, incentive offers from locations seeking enterprise and economic development are intended to motivate prospects make site selection choices.

A financial incentive offers money or something that can be converted to money. For example, locations offer tax breaks to companies on the move. Such financial incentives might be justified on the basis that companies, as prospects, will have more money to spend and, for example, create jobs as they start up at their chosen sites. There are other examples of financial incentives; the one in this paragraph is also a tax incentive.

In terms of enterprise development that leads to economic development. incentive programs are approved schemes that guide the courses of action by area and local development representatives as they deal with prospects. An incentive program of a business might be one that motivates employee to increase production quality and earn more pay. Such a motivation is another example of a financial incentive related to jobs.

Incentives is a classification of information provided by location data suppliers. Incentives are promoted in location profiles and at economic development websites. As a location data item, incentives are included in packages of information for prospects. A Site location consultant typically seeks incentive packages and engages in incentive negotiations while making comparative analyses of places of interest.



 
 
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Economic Development Services, Inc. / copyrights and all rights reserved / 10/30/13