Client Profile
Skoda Minotti is a leading Midwest CPA and business consulting firm. Skoda Minotti serves clients by delivering the highest quality business services in areas of accounting, information technology, litigation advisory services, financial services, and business valuations. Skoda Minotti has been recognized as an Inc. 500 fastest growing firm many times over times 35+ year history.
The Challenge
Skoda Minotti has seen tremendous success providing business services across the United States and even internationally. Skoda started in the 1980’s and has grown its Ohio based operations into four offices including operations in Tampa, Florida. As Skoda Minotti continues to grow its business service portfolio, the company saw a need to establish a new regional headquarters and office location for its Mergers & Acquisitions and Risk Advisory Services practices. The new office location would house nearly 50 business professionals who would have client contacts around the U.S.
Study Results
Skoda Minotti hired McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered expansion/relocation. McGuire Sponsel assisted Skoda Minotti with a financial analysis for multiple sites including Ohio and Florida. McGuire Sponsel negotiated and worked with the State of Ohio, Greater Cleveland Partnership, and the City of Cleveland, Ohio to procure tax credits and incentives to assist with the establishment of a new office operation in downtown Cleveland, Ohio. The company, with the guidance and collaboration of McGuire Sponsel’s Credits and Incentives team, requested and received Job Creation Tax Credits (JCTC) from the State of Ohio as well as a jobs creation grant from the City of Cleveland. These incentives will assist with the establishment of a new Skoda Minotti office and the recruitment and furnishing of 50 new employees to the City of Cleveland.
State and Local Incentives
- $65,000 Job Creation Tax Credit, State of Ohio
- $59,000 Job Creation Incentive Grant, City of Cleveland
$124,000 Total Incentives