The worldwide marketplace for economic development incentives facilitates over $300 billion in transactions every year. However, these are not just free giveaways to a company. In exchange for an incentive package, a business is expected to create value for that community.
When it comes to blockchain technology, a majority of people understand it has something to do with Bitcoin (BTC) and that’s about it. While it’s true that the popular cryptocurrency relies on blockchain, BTC represents a relatively insignificant portion of the blockchain market share. The implications of blockchain adaptation are far-reaching, with the potential to not just disrupt, but foundationally change the way most industries operate.
The site selection process is one of the most significant aspects of opening a new facility or corporate location. When companies are deciding where to site a new location, factors such as labor, real estate, demographics, proximity to market, taxation, state & local regulations and many other factors must be considered.
In a digital era where software is eating the world, the vast majority of public companies are struggling to stay current when it comes to deploying new technologies in their tax and finance departments. It’s true that one of the primary duties of the chief financial officer is to de-risk the enterprise, but at what cost when they are losing competitive advantage due to slow adoption of new technology?