Clean Technology Manufacturer Secures $1.1M in Incentives
When companies invest in growth, they often focus on the obvious costs—land, buildings, equipment, and hiring. What many overlook is that state and local incentives can dramatically reduce those costs when the project is planned strategically.
This clean technology manufacturer is a perfect example.
The company, a global leader in low-to-zero emission technologies, planned to establish and expand warehouse assembly operations. The project included a $5.5 million capital investment and the creation of 37 new jobs.
Before construction moved forward, the company engaged McGuire Sponsel to identify and secure available incentives.
Here’s how the project played out.
Situation
A global clean technology manufacturer was preparing to expand its U.S. operations into a new city. The company had committed to investing $5.5 million while creating dozens of high-quality jobs but wanted to ensure the project generated the strongest possible financial return.
Like many expanding businesses, leadership knew incentive programs existed—but navigating them while managing an active expansion wasn’t their expertise.
Mission
McGuire Sponsel’s objective was straightforward:
Help maximize every available state and local incentive while positioning the company for long-term success.
That meant identifying qualifying programs, coordinating with economic development partners, negotiating available benefits, and ensuring the project met all compliance requirements.
Action
Our team worked alongside company leadership and local stakeholders to build a comprehensive incentive strategy before the investment was finalized.
The result included:
- $560,000 in state job creation tax credits
- An estimated $570,000 in value from a 10-year real and personal property tax abatement
By aligning the project with available incentive programs early in the expansion process, the company significantly reduced the overall cost of growth while maintaining confidence throughout implementation.
Results
The expansion moved forward with meaningful financial support.
Project Highlights
- Town in the Midwest
- Clean technology manufacturing expansion
- $5.5 million capital investment
- 37 new jobs
- $1.13 million in combined state and local incentives secured
- 20% Return on Investment
Those savings created additional capital, which the company could reinvest into operations, hiring, and future growth rather than unnecessary project costs.
Takeaway
One of the biggest misconceptions in manufacturing expansion is the belief that incentives are automatically offered.
They’re not.
Many incentive opportunities require early planning, detailed negotiations, and ongoing compliance. Companies that wait until after construction begins often leave substantial value on the table.
Whether you’re expanding an existing facility, opening a new location, or evaluating multiple states, incorporating incentives into your site selection strategy can significantly improve project economics.
Turn Expansion Plans Into Incentive Opportunities
At McGuire Sponsel, we help manufacturers uncover opportunities that strengthen project ROI while simplifying the entire incentive process from start to finish.
The bottom line? This clean technology manufacturer invested in growth — and with the right strategy, they also secured more than $1.1 million in incentives, delivering a 20% return on investment.
BOOM!
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Chad Collier
Chad Collier is a Relationship Manager for our Location Advisory Services practice. He is a long-standing member of the business and real estate communities, having served them for over 25 years. Chad builds partnerships across the Midwest with leading commercial real estate brokers, developers, attorneys, and bankers.
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