Financial Incentive

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Financial Incentive

An incentive to do something because it is less expensive than not doing so. For example, a company may have a financial incentive to open a factory in Town A instead of Town B because Town A's property taxes are lower.
References in periodicals archive ?
Thus, although this Court invalidated the state tax incentives in Boston Stock Exchange and the other cited cases, in each case it also affirmed the ability of the States to foster economic growth within their borders.
Typically, business-related decisions outweigh incentive decisions up front," Heerman says, but incentives do come into play early in the process--everything from tax abatements and job training credits to performance-based cash incentives.
Runaway production, the growing phenomenon that has seen numerous projects lured from Southern California to foreign countries extending from Canada to Australia because of financial incentives, is going increasingly domestic.
One of the principal tax incentives is the empowerment-zone employment credit, which is up to 20% of $15,000 of qualified-zone wages paid during the year to a qualified-zone employee.
The successful incentive system includes developing clear, objective performance expectations annually and regularly (at least quarterly) measuring and communicating actual performance compared to target levels.
We are familiar with the argument that all equity-based incentives are flawed in that so many "uncontrollable" factors drive market value that any incentive realized by executives will be more related to luck than performance.
There are two additional incentive provisions which are intended to help people secure a place in the workforce.
This means that carriers are looking for a flexible incentive compensation management solution that will help them best incentivize their producers.
The instant popularity proved there was a lack of incentive providers focused on small and mid-sized businesses and now we are excited to enhance our offering by providing a wide range of incentive cards that appeal to businesses for employee incentives, customer rewards, and marketing promotions," said David Jones, CEO of CardLab.
Federal, state and municipal governments offer businesses incentives to invest and create jobs, usually in areas where unemployment and poverty levels are higher than average.
Under applicable Ohio statutes, (2) DaimlerChrysler Corporation entered into an agreement with the City of Toledo, Toledo-area school districts, and the State of Ohio to receive significant tax incentives (namely, investment tax credits and real property tax exemptions) for expanding its existing Jeep plant in Toledo.
What we tried to do was to provide up to date and practical information about conditions and practices that apply to the incentive industry in India so that both incentive practitioners and those companies interested in using incentives are better prepared to conduct business in this rapidly growing market," said Debbie Ghillino, GIC board member and Incentive & Loyalty Strategist at UWIN IWIN Incentives.