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.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Penn dean is a startup founder and ‘engineer at heart’ who loves the connection between education and business
Every startup community wants ‘storytelling.’ Too few are doing anything about it.
A glimpse into Philly’s thriving greentech scene, a bright spot on a national tour
