Economic Development Incentives
Your team uses performance-based incentives to grow jobs and investment
But keeping up with compliance across projects, agreements, and reporting cycles can get overwhelming in spreadsheets or email.
- Report on Results
- Public Portal for applications
- Utilize HubSpot forms to capture compliance data - this automatically updates the CRM database
- Track review dates - send reminders / automate the process / ensure compliance
- Generate ROI Reports
- Visualize data in graphs, charts, or on a map
- Utilize milestones
Use Cases
Grants and Grant Management: If your organization awards funds to companies as a part of your grant, the awards are associated with grant. This allows you to report to the grantor. We track the process to obtain and report on grant funding. You can modify the stages.
The HUUB Model: If your organization awards services to a local business and those services are provided by another local business - you're working with our friends at HUUB . As the service provider sends invoices to your team for payment, the funds are deducted from the Award Recipient's balance of awarded funds. We track the total funds left in the program as well. https://www.joinhuub.com
We track incentive applications using a website form - submissions are routed to your team in the HubSpot CRM.
Here's the pipeline used to track incentives awarded to local organizations. You can modify the stages.
If you are in Texas, we have a partner that helps you see sales tax being generated using the tax ID number - use this data to determine your payment amount since some incentives are based on the amount of sales tax generated!
Programs
If your team creates Programs, HubSpot can help.
- Report on Results
- Public Portal for applications
- Utilize HubSpot forms to capture application data - this automatically updates the CRM database
- Track review dates - send reminders / automate the process
- Generate reports on Program participation and effectiveness
- Survey Program Participants
- Provide and track support to Program Participants
- Visualize data in graphs, charts, or on a map
- If you charge for programs - use our Commerce Platform to send invoices and collect payments
- Track Cohorts/ Alumni / Graduates
- Utilize our Events module
- Track participant Before and After progress / results
- Programs can be associated with Grants if needed