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.
EDGE Tax Credits
Franklin Tax Abatement
|EDGE Tax Credits||$2,250,000|
|Franklin Tax Abatement||$413,500|