What Are the Challenges in Leveraging Government Incentives?
While government incentives offer significant benefits, there are challenges associated with leveraging them:
1. Complex Application Processes: The application process for government incentives can be complex and time-consuming. 2. Stringent Eligibility Criteria: Meeting the eligibility criteria can be challenging for some businesses. 3. Competition: There can be high competition for limited funds and resources. 4. Compliance Requirements: Businesses may need to adhere to strict compliance and reporting requirements to maintain eligibility.