Client Profile
TOC Logistics International is a rapidly expanding logistics management organization based in Indianapolis, IN. TOC Logistics management solutions include air export, international logistics, time critical logistics, supply chain management, warehousing, customs brokerage, and more. TOC Logistics focuses on the customer relationship which allows them to delivery custom solutions for each client. Using this strategy, TOC provides better business operations and cost savings to its clients around the world.
The Challenge
TOC Logistics was established in 2011 in Indianapolis, IN as they recognized the emerging opportunity to provide innovative logistics concepts and lean-focused added-value services to achieve customer satisfaction and business profitability. TOC logistics has become a global force helping manufacturers reduce costs, improve transit times and gain improvements through innovative service offerings. As TOC’s business model has gained success and the global, inter-connected economy has expanded, TOC now looks to expand their operations and staffing to provide even more services to clients.
Study Results
TOC Logistics hired McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered expansion. 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 on Indianapolis’ west side. 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 growth plans to a projected 80+ additional employees.
State and Local Incentives
- $940,000 Economic Development for a Growing Economy (EDGE) Tax Credit
$940,000 Total Incentives