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
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$180M+
Incentives Secured
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$600M
Capital Investments
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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
Resources
- Case Study: Automotive | Grand Prairie, TX
- State & Local Updates
Case Study
When U.S. Auto Parts Network, Inc.— a leading online provider of automotive aftermarket parts—was ready to add a new facility to its business, McGuire Sponsel’s Credits & Incentive team joined the process as a strategic advisor. Our team helped the business select a location to best serve its future growth and maximize economic incentives. The deal led to $3-4 million in incentives.
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in the newsCredits & IncentivesJune 24, 2021The first pillar of credit and incentive projects: Location
by Ben WorrellIn Accounting Today, “The first pillar of credit and incentive projects: Location,” Ben Worrell explores the many layers of considerations for...
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blogCredits & IncentivesJune 24, 2021
Indiana Grants and Reimbursements Available in 2021
by Ben WorrellThere are a number of state grant programs available to Indiana employers in 2021, including the NextLevel Jobs Program and...
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case studies
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case studiesCredits & IncentivesMay 24, 2021
General Atomics
by Steve BrunsonGeneral Atomics invested in new buildings, equipment, and machinery, and added over 200 jobs for its Mississippi location. McGuire Sponsel...
