Client Profile
GadellNet Consulting Services LLC (GadellNet) is a full service technology and consulting firm, dedicated to improving the efficiency and security of businesses in the digital world. Services include managed IT services, application and hardware lifecycle management, business intelligence, and cybersecurity. GadellNet also provides risk assessments, long-term cost control analysis, strategic mapping for business/industry growth, and other business consulting services.
The Challenge
GadellNet was started in St. Louis, MO in 2003 by Joe Gadell. The business start-up has grown significantly to nearly 50 employees in multiple states. GadellNet increased its executive leadership team and seeks to continue its steady growth with new employment growth and investment. GadellNet was faced with the decision to grow its operations in its headquarters location in St. Louis, or continue to grow its satellite offices for a broader market reach.
Study Results
GadellNet hired McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered expansion/relocation. McGuire Sponsel assisted GadellNet with a financial analysis for multiple sites including Missouri and Indiana. McGuire Sponsel negotiated and worked with the State of Missouri to procure tax credits and incentives to assist with the establishment of new employees in the St. Louis headquarters. The company, with the guidance and collaboration of McGuire Sponsel’s Credits and Incentives team, requested and received Missouri Works – Zone Works tax credits from the State of Missouri. These incentives will support the recruitment of over 60 new employees planned by GadellNet over the next 5 years.
State and Local Incentives
- $808,000 Missouri Works – Zone Works Tax Credit
$808,000 Total Incentives