For startups that don’t yet have a tax burden, selling off tax credits to large corporations can be an easy way to raise capital. Apple, for example, bought $2.33 million in Pa. tax credits last year, as we previously reported.
But smaller companies don’t always know what tax incentives are out there. That’s where MVM Associates comes in.
The Fort Washington, Pa.-based consulting firm finds sellable tax credits for local firms and facilitates the sales. MVM Associates boasts making more than $8 million in tax credit sales for its clients last year. That’s about the company’s yearly average, said spokeswoman Anne Fabry. Founded in 1997, the company said it has acquired and sold over $250 million in tax credits for local companies.
Looking for tax credits that might most help your business, then check out these five that MVM highlighted to Technically Philly last summer.