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.
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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
• 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
- 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.
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.