Credits & Incentives Overview

To attract and retain growing businesses, state and local governments often provide valuable economic incentives including tax abatements, payroll tax credits, infrastructure grants, low- or no-interest loans, training grants, tax increment financing, and more.

When you’re ready to relocate, expand, make capital investments or add new jobs, McGuire Sponsel can help you take advantage of these economic incentives and guide you through the process.

2020 Results

  • $180M+

    Incentives Secured

  • $600M

    Capital Investments

  • More than 3,100

    Planned Jobs

How McGuire Sponsel Can Help

As your business grows, McGuire Sponsel can guide you through important decisions while negotiating valuable economic incentives that improve your bottom line. Whether you represent a Fortune 500 company, a private equity group, or a closely held business, our credits and incentives team can bring value to your next project.

McGuire Sponsel works with businesses of all sizes, all across North America, providing comprehensive credit and incentive solutions that include:

• Credits and Incentives Consulting
• Compliance
• Site Selection

When Should You Pursue Credits & Incentives?

Credits and incentives are time sensitive. Designed to encourage specific activities, they generally must be secured before you publicly commit to a project. If you’re considering any of these business decisions, let’s talk:

– Adding Jobs
– Purchasing Equipment
– Buying, Leasing, or Building a Facility
– Acquiring Another Business
– Relocating Operations

Let's Talk

Resources

  • Case Study
  • Webinar
Case Study

General Atomics

General Atomics planned on investing over $60 million in their current Lee County, Mississippi location. The investment will include four new buildings and the addition of new equipment and machinery. The company looked to McGuire Sponsel to procure incentives for the growth project. McGuire Sponsel worked with Lee County to negotiate a fee in lieu of taxes (FILOT).

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Webinar

Coast-to-Coast Guide to Credits & Incentives Trends

State and local programs that support economic credits and incentives are as diverse as the 50 states. Or are they? McGuire Sponsel’s Credits & Incentives experts take a look at common regional trends across the United States that identify tax savings for growth projects. CPAs can take a proactive approach with their clients and identify these valuable programs prior to client growth initiatives. These savings can deliver tens of thousands, if not hundreds of thousands of dollars in savings for growing industries.

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Recent Resources

  • in the news
    Credits & Incentives
    April 27, 2022

    Jacob Everett featured in Area Development

    by Jacob Everett

    In Area Development, Jacob Everett, CEcD discusses the need to embrace automation and AI, and how we can reposition our...

  • podcasts
    Credits & Incentives
    March 2, 2022

    McGuire on the Wire Episode 46

    by Justin Gephart

    Credits & Incentives Consultants Emily Poole and Sierra Enlow take over the podcast to celebrate International Women’s Day.

  • in the news
    Credits & Incentives
    January 19, 2022

    The fourth pillar of credit and incentive projects: Jobs

    by Ben Worrell

    In the fourth installment in his series in Accounting Today, Ben Worrell discusses the final pillar of credits and incentives...

  • case studies
    Credits & Incentives
    August 6, 2020

    U.S. Auto Parts/CarParts.com

    by Jacob Everett

    When CarParts.com — a leading online provider of automotive aftermarket parts—decided to add a new facility to its business, McGuire...

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