{"id":1004143442,"date":"2016-05-04T10:04:16","date_gmt":"2016-05-04T18:04:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143442"},"modified":"2020-05-21T22:27:32","modified_gmt":"2020-05-22T06:27:32","slug":"navigating-credits-for-fulfillment-centers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/navigating-credits-for-fulfillment-centers\/","title":{"rendered":"Navigating Credits for Fulfillment Centers"},"content":{"rendered":"

By Steven Bandolik and Kevin Potter<\/p>\n

\"Steve<\/a>

Steven Bandolik<\/p><\/div>\n

This month it\u2019s all about retail, and in light of the International Council of Shopping Centers\u2019 RECon conference<\/a>, we\u2019re going to take a deeper dive into a burgeoning trend affecting the space. Increasingly, retailers are moving away from the single-hub distribution model and instead building out multi-location networks of fulfillment centers.<\/p>\n

We laid out the \u2018why\u2019 to this in our January column on the last mile<\/a>, and this month we\u2019re going to take the next step and discuss the \u2018how\u2019 with an eye to exploring and capitalizing on tax incentives for new properties.<\/p>\n

Federal, state & local checklist <\/strong><\/p>\n

There are thousands of credit and incentive programs in the U.S., which are designed to encourage business activities ranging from hiring and new job creation, to more recent enticements for going green<\/a>. These credits and incentives are offered at the federal, state and local levels and should be taken into account when a fulfillment center is being developed or expanded.<\/p>\n

\"Kevin<\/a>

Kevin Potter<\/p><\/div>\n

For retail executives looking to expand their fulfillment center footprints, here are some of the most significant tax incentives to consider during contract negotiations:<\/p>\n