GeoStan™ Assists Federal Agency in Empowering Urban Development
A Federal Government Agency sought a software solution that would make it easier for investors and businesses to identify properties eligible for special tax incentives designed to promote development in designated urban communities. GeoStan™ provides a cost-effective, web-based solution.
The Challenge
Simplifying the Process
The Agency needed an easy, cost-effective, and reliable way for potential investors to determine if an investment property or business venture is eligible for special tax incentives designed to promote urban development worth approximately $5.3 billion.
Conflicting Boundaries
Because the empowerment zones did not always align with existing municipal and ZIP code boundaries, it was difficult to determine eligibility based on street addresses.
Lost Opportunities
Without the ability to quickly and easily determine if their project is eligible for special tax incentives, entrepreneurs may take their money elsewhere.
The Solution
Location Intelligence
Using its GeoStan geocoding technology, Group 1 Software provided the Agency with a web-based solution that identified locations within the empowerment zones based on street address.
Maximum Accuracy
Because the Group 1 Software solution is based on actual street addresses, rather than ZIP code or other boundaries, it provides greater accuracy than other solutions.
The Benefit
User Empowerment
The Agency was able to empower its urban development program with an online system that enables businesses and investors to instantly identify if a given property is eligible for special tax incentives.
Seamless Integration
Working with closely with the Agency, Group 1 Software was able to ensure that the solution was seamlessly embedded within existing systems.