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Business Incentives you must know
There are resources to help you meet your financial goals quickly. Focus on your profitability and growth. Use the wealth of services and contacts that will help your business excel in Tacoma. We refer and connect you to these resources so you are up and operating as soon as efficiently possible.
The Tacoma Empowerment consortium, (TEC), administers Federal Economic Consortium funds. Business micro-loans are available up to $25,000. A special class of tax-exempt private activity bond of up to $3,000,000 per business can be used to finance depreciable tangible property, including buildings. These bonds are available for industrial or manufacturing operations. Businesses that provide certain international services can receive a credit up to $3,000 against state B&O taxes for each new employment position directly involved in providing international professional services. For new or expanding businesses located in the "Empowerment Zone" that includes most of Tacoma, credits up to $2,000 are available for each new qualified position with annual wages and benefits of $40,000 or less. A Business Revolving Loan Fund is available for façade and interior improvements and repairs up to $150,000.
One investor, like Burdell Properties, San Rafael, California required a local partner to ensure their commercial property performed well and had good tenants. They had an immediate need for a strong, trusted leader who could watch their financial investment. We've been fortunate to work with Burdell for over 20 years. We are linked with commercial and government organizations that to ensure Larsen clients receive top billing on their needs. Real estate firms such as Bonneville Viert Morton and Mcgoldrick and local attorneys such as Robert W. Denomy specialize in Real Estate Development and construction. They can answer challenging questions specific to your business. If you need to construct a major facility or have remodeling needs, call Rushforth Construction, a multi-million-dollar construction firm that has a reputation for bringing in projects under budget.
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