by Steve BrunsonNovember 24, 2021

Client Snapshot

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  • Rocky Mountain Orthodontics

    Franklin, IN

  • Jobs & Investment

    230+ Jobs

    $6.6M Investment

  • Project Type

    Headquarters Relocation

  • Project Objective

    Incentive Procurement & Tax Credit Realization

Rocky Mountain Orthodontics

Rocky Mountain Orthodontics is a leading orthodontics manufacturer. The oldest privately held orthodontics firm in the United States, RMO is responsible for dramatic technological advances in orthodontics. RMO changed ownership in 2020 and is investing in new technologies and processes that will continue to drive the company forward.

With this change in ownership, the company looked at relocating their headquarters and major operations. When considering this move, Rocky Mountain Orthodontics (RMO) looked to McGuire Sponsel to procure state and local tax incentives. Their $6.6M investment in operations and addition of over 200 jobs made RMO an excellent prospect for valuable state and local incentives.

Faced with a high initial cost of moving, RMO needed the tax incentives to offset costs and complete the move. McGuire Sponsel’s Credits & Incentives team was able to negotiate with the Indiana Economic Development Corporation (IEDC) to procure a $3 million incentive package, which included an Economic Development for a Growing Economy (EDGE) Tax Credit and a Small Business Headquarters Tax Credit (SHQTC).

The team also worked with the City of Franklin to capture an accelerated 7 year property abatement deal worth an estimated $413,500 in tax savings.

  • $2,250,000

    EDGE Tax Credits

  • $750,000

    SHQTC

  • $413,500

    Franklin Tax Abatement

Total Incentives

EDGE Tax Credits $2,250,000
SHQTC $750,000
Franklin Tax Abatement $413,500
Total Incentives $