A strategic partnership is when two businesses join together for mutual benefit. The businesses would normally not be competitors but instead work cooperatively with a common goal in mind.
Strategic Partnerships allow businesses to gain a competitive advantage by mutually sharing of resources, markets, technologies, capital or people.
At Growth Management Group (GMG) we believe wholeheartedly in building Strategic Partnerships and actively reach out to industries and organizations that would benefit from such a partnership. In 2013 GMG entered into a strategic partnership with ELFA (Econo Lodges Franchisee Association).
ELFA’s goal is to “help each franchisee maximize the value of their property through networking and the sharing of creative ideas as well as time and money savings tips”. This strategic partnership supports ELFA’s goal by providing its members the opportunity to gain millions of dollars through specialized tax incentives.
At $240,000 the hotel and hospitality industry is currently number two for the largest average savings received per client with GMG. This is because nearly all business owners in the hotel industry own their building, and usually own multiple locations. With that basic qualification hotel owners substantially qualify for :
- Cost Segregation
- Property Tax Mitigation
- Energy 179D Credits
GMG offers ELFA members additional benefits including:
- Free Consultation
- 30% Discount on Study Fees
GMG believes in building and sustaining strategic partnerships to ensure the continued benefit for all involved. Hasu Patel, President of ELFA said, “The Econo Lodges that have worked with GMG so far are please with the results in savings. I encourage more Econo Lodges to reach out to Growth Management Group”.
If you would like to know more about the GMG’s ELFA partnership or Strategic Partnerships please call 888-705-5557.