Azad Khan offered analysis in Area Development of how companies are adjusting their workforces and navigating incentives requirements thrown off by the coronavirus pandemic.
"Our corporate clients with fewer than 1,000 workers are able to significantly reduce their operations and implement new policies to reduce the risk of spreading COVID-19," Azad said. "Examples include requiring the use of masks and maintaining a safe distance from other people within the facility. Many of our clients already operate under existing safety protocols more stringent than recent recommendations issued by the Centers for Disease Control & Prevention designed to prevent the spread of COVID-19."
"Many of our corporate clients that have temporarily downsized are concerned with their ability to adhere to the various state and local incentive agreements to which they are a party," he continued. "Many of these agreements require achievement and maintenance of certain job-creation thresholds. Depending on the incentive, companies may have to repay a portion of incentives received or forgo incentives in the future due to recent reductions in workforce. Several incentive-granting authorities are adjusting incentive requirements to minimize noncompliance issues related to COVID-19. We are assisting many of our clients with navigating concessions offered by state and local governments for incentive non-compliance caused by the pandemic."
You can read his full analysis here. Area Development has been a leading resource in the site selection industry since 1965.
Parker Poe Consulting is a corporate site selection and economic incentives consulting firm. The Parker Poe Consulting team provides site selection services to find data-driven solutions for clients who are expanding their footprints and considering new capital investment and job creation. Parker Poe Consulting also provides economic incentives consulting services to growing companies, helping clients navigate and negotiate incentives for economic development projects. From global conglomerates to family-owned businesses, Parker Poe Consulting positions companies to make informed project decisions that will maximize operational effectiveness while reducing costs.