Larger companies can obtain special financing assistance if qualifications are met. Because Poplar is located in an enterprise zone, some extra incentives are available. As with most incentives, in order to qualify a business must apply for and acquire approval for aid. The available incentives for enterprise communities are grants and tax benefits that vary with each business. The federal government will also waive burdensome regulations if certain requirements are met.
Grants are also available for new and expanding industries.
However, certain requirements must be met in order to receive grant money. Certified HUBZone companies are eligible for a 10 percent advantage in bidding for federal contracts. HUBZone businesses are expected to fill federal contracts at an increasing rate each year. Also, small businesses located in HUBZone areas can qualify for higher government guaranties on surety bonds for construction and service contract bids. Washington D.C. The Work Opportunity Tax Credit program offers employers a credit against their tax liability for hiring individuals from nine target groups who have traditionally had difficulty obtaining and holding jobs.