Office Furniture Manufacturer
This office furniture manufacturer has a 118-year history in Indiana, rooted in its competitive prices, relevant products, long-standing craftsmanship, and world-class service. After completing their initial hiring goal, the client approached McGuire Sponsel with plans for an additional headcount.
They asked McGuire Sponsel to secure incentives for the new employees they planned to hire. Our Location Advisory team negotiated an EDGE tax credit with the Indiana Economic Development Corporation (IEDC) by leveraging the addition of new jobs and the manufacturer’s previous success. Despite their job growth, it was unclear if Indiana would support the project because of wage requirements. However, we demonstrated that the wages were competitive, and the IEDC ultimately awarded the credit to the company. The process of negotiating and procuring the credit took about two months, resulting in Phase 1 & 2 EDGE Tax Credits totaling $495,000.
Phase 1 EDGE Tax Credits
Phase 2 EDGE Tax Credits