Site Selection and Economic Incentives Study
McGuire Sponsel Procures $3.3M in Incentives for Seyer
McGuire Sponsel partnered with Seyer Industries, an aerospace and maritime manufacturer, to help them select an ideal location for growth while securing valuable state and local economic incentives. The client planned a 70,000 square foot expansion that called for the creation of 125 additional jobs over the next six years. McGuire Sponsel was engaged to assist in evaluating multiple site location scenarios. During the site selection process, McGuire Sponsel led discussions with the Missouri Department of Economic Development and the city of St. Peters, procuring $3.3 million in incentives comprised of a Local Property Tax Abatement (Chapter 100 Bonds), Job Training Grants, and Missouri Works withholding and discretionary tax credits in support of the company’s decision to expand in Missouri.
If your business is growing in the next year or two a discussion about economic incentives may prove valuable.
Do you Qualify for Credits and Incentives?
To find out if you or your client may qualify for economic incentives, complete and submit the form below. One of our site selection professionals will contact you to complete a free evaluation.