H&A leads U.S. investment roundtable in Israel

Alongside SelectUSA, the Federation of Israeli Chambers of Commerce, and the Israel-America Chamber of Commerce, H&A’s David Hickey and Iris Golani hosted an investment roundtable for Israeli business leaders interested in locating or expanding operations in the United States. With several dozen businesses in attendance, the H&A team focused the discussion on site selection and public incentive opportunities in America.

US-Israel Investment Roundtable 2015
US-Israel Investment Roundtable 2015

“When businesses make the decision to invest in the United States, it is critical to understand how to choose the best location for the operations. America continues to be a great place for Israeli businesses to invest and thrive, but it is vital to do the due diligence to discover the best community for their business,” H&A’s Hickey remarked after the roundtable. “I’m excited to see the turnout today and the enthusiasm for investment in the USA. With the right approach, business leaders will be prepared to realize incredible success in America.”

Presenting ahead of H&A was Steve Miller, a Senior Investment Specialist from SelectUSA. Miller, based in Washington, DC, delivered an expansive breakdown of the current situation of the American economy and the increased level of foreign direct investment. With an office in Tel Aviv, SelectUSA’s Sigal Mendelovich provides direct support and counseling for businesses considering an investment in the United States.

The investment roundtable was held at the Federation of Israeli Chambers of Commerce office in Tel Aviv. Additionally, the Israel-America Chamber of Commerce participated in the event.

The event also marked the opening of the H&A office in Tel Aviv, which is led by Golani. With dynamic investment opportunities in the United States and Israel, H&A has laid the foundation to support businesses as they make the next critical decision for the future of their company.

 

 

About the Participating Organizations

Hickey & Associates – H&A is a global site selection, public incentive advisory and workforce solutions firm. For the past 30 years, H&A has provided their diverse array of clients first-class support. Utilizing state of the art tools and approaches, the firm assists businesses in determining the best location to expand, relocate, or consolidate anywhere in the world. H&A has active projects in the Americas, Asia, Europe, and Africa.

SelectUSA – Recognizing that the competitiveness and job-generating ability of a nation is determined by its desirability as a place for businesses to operate, SelectUSA was created at the federal level to showcase the United States as the world’s premier business location and to provide easy access to federal-level programs and services related to business investment. SelectUSA is designed to complement the activities of our states—the primary drivers of economic development in the United States.

Federation of Israeli Chambers of Commerce – The FICC is one of Israel’s largest business organizations, and is regarded as one of the most influential and most dynamic organizations of its kind in Israel. Strictly non-profit, non-political and non-partisan, FICC is dedicated to a market economy and free enterprise. As the country’s largest employers association, FICC is one of the leading members of the coordinating council of Israel’s economic organization, and represents the interests of Israel’s business sector, including exporters and importers, wholesale and retail, services and manufacturers.

Israel-America Chamber of Commerce – The Israel-America Chamber of Commerce (AmCham Israel) established in 1965, is a voluntary organization of companies and individuals dedicated to the promotion and enhancement of two-way trade and investment between Israel and the United States of America. The U.S. Ambassador to Israel serves as Honorary Chairman of the AmCham.

H&A’s Jason Hickey featured in energy financing and incentives article

TID Magazine - H&A Energy ArticleJason Hickey, President & CEO of H&A, was featured in a recent article in Trade & Industry Development magazine, a global publication serving executives within specific vertical industries to provide insight into the challenge of site selection and facility planning.  Titled, “Driving Renewable Energy Development with Public Incentives”, Hickey discussed the dynamic history of government support in the U.S. for energy development.  For nearly a century, the American government has provided financing tools and mechanisms, such as tax incentives and grant programs, to drive the development of certain types of energy, including renewables.

The full article is below. To view the article on the Trade & Industry Development magazine website, please click the following link: Driving Renewable Energy Development with Public Incentives.



Driving Renewable Energy Development with Public Incentives
10 Jul, 2015
By: Jason Hickey

Since the beginning of the 20th century, the federal government has been supporting energy development in the United States. From the oil and gas production expensing policies of 1916 to the grant programs created as part of the American Recovery and Reinvestment Act of 2009, America has provided financial assistance for the promotion and growth of the energy industry. The objectives of this support have been dynamic over the years, which have included policies to make certain the nation maintains a secure supply of energy, ensuring energy is available at a low cost for domestic consumers and to meet long-term environmental goals.

Today, government incentives to promote and produce domestic energy still exist for investors. However, instead of solely being an initiative driven at the federal level, state and local governments are developing programs to induce the investment in certain energy sources, as well as encourage the implementation and utilization of energy-efficient technologies. In addition to the energy goals previously stated, many political leaders are developing energy incentives for another critical reason: economic development and job creation.

Through corporate and personal tax incentives, loan financing, bonding, rebates and tariffs, among many other program types, state governments have induced businesses and investors in energy production and energy efficiencies within their jurisdictions. Additionally, a number of counties and municipalities have also established policies to encourage the development and use of certain types of energy. Since the renewable energy industry has already created over 600,000 American jobs, it is no surprise economic developers are clamoring for renewable energy investments. Furthermore, regional authorities, like the Tennessee Valley Authority, have developed unique programs to promote energy development and boost energy-efficiency.

One of the most common incentives for energy production and development is through the exemption of property taxes. According to the Solar Energy Industries Association (SEIA), a national trade association promoting the U.S. solar industry, 38 states now offer property tax exemptions for the development of renewable energy. Since property taxes are levied by different jurisdictions depending upon state law, the exemptions for renewable energy are developed in a various ways, including municipal opt-in and opt-out policies.

An example of a state program developed specifically for energy production is Kentucky’s Incentives for Energy Independence Act (IEIA) program. Beginning in 2008, the IEIA program aims to promote the investment in renewable energy, alternative fuels and energy efficiency through tax incentives worth up to 50 percent of the capital expenditures. For up to 25 years, an eligible company may capture up to 100 percent of state income tax liability, an exemption of all sales and use taxes on project materials, and a wage assessment equal to four percent of the jobs created from the project. Additionally, a company may be eligible to receive an advanced disbursement, which can be beneficial to getting a project off of the ground.

Alongside incentives developed specifically for energy purposes, companies may also be eligible to utilize traditional programs to discover critical financial assistance. Energy projects often bring along a significant capital investment and can lead to job creation – the key tenets to a successful economic development policy. Therefore, traditional incentive programs geared to incentivize attractive businesses such as corporate headquarters and automotive assembly facilities, may also be utilized for energy projects. Energy projects may also find more complex incentives to assist in meeting critical financing needs. These programs often include Tax Increment Financing (TIF), New Markets Tax Credits (NMTC) and bonding.

Moving forward, more state and local governments are expected to utilize public incentives to entice energy investors to their communities. These incentives will not only be in support of certain policies, such as renewable portfolio standards and environmental initiatives, but will drive economic development for the future.