May 24, 2024

Client Snapshot

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  • Aviation Maintenance Company

    Indiana

  • Jobs & Investment

    23 New Jobs
    $5.9M Investment

  • Project Type

    Expansion

  • Project Objective

    Incentive Procurement

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Aviation Maintenance Company

Client Profile

This industry-leading aviation maintenance company is based in Indiana and specializes in analyzing aviation engine data to maximize performance and reduce lifetime operating expenses.

Process

The company approached McGuire Sponsel to secure incentives for their planned $5.9-million expansion, with a goal of creating 23 net new jobs. Our Location Advisory team started the application process by working closely with the client to file all the necessary information. Our client was very responsive and the state of Indiana was very supportive.

Initially, we couldn’t find the company’s account name in the state of Indiana’s database. However, we soon realized that it was filed under a different name. Despite this minor setback, we were able to solve the problem without any delay to the project timeline. The process of negotiating and procuring the inventive took approximately a month. The company was ultimately awarded an incentive through the Economic Development for a Growing Economy (EDGE) program, resulting in an EDGE Tax Credit totaling $315,000.

  • $315,000

    EDGE Tax Credits