Innovative Online Sales of Premium Tax Credits
Benefits of Tax Credit Auctions
- Open Auction where bidders see status and increase motivation to improve bid
- Calculates current market clearing price and identifies winner(s)
- Issuer can watch bidding in real time
- Bid activity permanently recorded
- Auction Results publicly available to clients and constituents
- Our staff calls bidders across the country to maximize participation
- Customized private label site
In March 2012, we hosted the world’s first auction of premium tax credits for the Maryland Department of Business & Economic Development (DBED) on BidMaryland.com. 24 bidders placed 189 bids for the tax credits, generating $14 million in additional funds for the State.