Chemical Manufacturer

Electrical Contractor

Client Profile

With headquarters in North Carolina, this chemical manufacturer focuses on producing plant protection solutions and is recognized worldwide for formulation and manufacturing expertise. The company approached McGuire Sponsel with plans to acquire a Mississippi-based company, including two operating facilities with a combined square footage of over 320,000 square feet between production and warehousing. The company tasked us with procuring incentives on their behalf for the $3,600,000 expansion project. The acquisition included the retention of 88 jobs and the creation of four new jobs.

Process

Our Location Advisory team introduced this fast-paced project to state and local officials in Mississippi, filled out applications for the state program (MFLEX), and identified training needs with the company for local training support. Despite the company’s growth, it wasn’t clear if state and local governments would support this project since the ribbon-cutting ceremony for the new acquisition was scheduled before we received approval of the offer.

However, our team reinforced the importance of training needs in the retained employees and the possibility of moving purchased equipment back to the North Carolina headquarters, and we were able to procure a workforce training grant totaling $59,750+ in credit value. The process of negotiating and procuring the incentives took about three months.