GEMCO Constructors Overview
GEMCO Constructors is an Indianapolis, IN based mechanical, electrical, plumbing, building automation systems and service contractor which provides comprehensive design and build solutions for clients around the United States. GEMCO works with clients through the planning, design, and build stages to exceed expectations and deliver the highest quality value.
GEMCO host offices around the United States, serving construction projects in many different locations. GEMCO originally worked with McGuire Sponsel’s Credits & Incentives team to secure an Indiana EDGE credit for its first phase of growth in 2017. With a recent acquisition within the Indianapolis market and an increase in projects across the country, GEMCO needed to consider options for a new growth phase either in the Indianapolis area or outside of Indiana.
GEMCO continued with McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered growth. McGuire Sponsel negotiated and worked with the Indiana Economic Development Corporation (IEDC) to procure tax credits and incentives to assist with the expanded operation and employment in Indiana. The company, with the guidance and collaboration of McGuire Sponsel’s Credits and Incentives team, requested and received EDGE tax credits from the State of Indiana. These incentives will assist the company’s Phase II growth plans to a projected 100+ additional employees.
EDGE Tax Credits Phase II
State and Local Incentives
|EDGE Tax Credits Phase I||$590,000|
|EDGE Tax Credits Phase II||$1,300,000|