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Budget, Tax Uncertainties Reach Businesses
Budget deficits and tax uncertainties at the state and federal levels have reached the business community.
How is uncertainty in federal and state taxes affecting companies' site selection priorities?
 

Michael McDermott, Associate, Strategic Consulting Group, Grubb & Ellis
At the state level, large budget deficits have become the worst-kept secret. Proposed and actual tax increases are in the news — and companies are hearing about them. The few states with budget surpluses are promoting this as a major strength when pursuing companies. Clients are aware of these stable tax environments and are asking for them in site searches.

Federal tax uncertainty is having less of an impact, a notable exception being the clean energy industry. Investment in U.S. plants has been influenced by federal incentives, but this was temporarily suspended in 2010 due to concern about the extension of the investment tax credit.
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