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 you are considering relocating, expanding, making capital investments, or adding new jobs, McGuire Sponsel can help you take advantage of these economic incentives and guide you through the process.
Results
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$200M+
Incentives Secured
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$1B
Capital Investments
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6,000+
Planned Jobs
How McGuire Sponsel Can Help
Growing, dynamic businesses work with McGuire Sponsel to be guided through important decisions while we negotiate 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 location advisory and incentive solutions that include:
• Strategic Growth Planning
• 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 prior to growth initiatives taking place. If you’re in the planning phase for growth, let’s talk.
– Adding Full-Time Jobs
– Purchasing New Equipment
– Buying, Leasing, or Building a Facility
– Significant investment in Real Estate Improvements
– Acquiring Another Business
– Relocating Operations
– Consolidating Operations
Resources
- Case Study
- Webinar
General Atomics
General Atomics planned on investing over $60 million in their current Lee County, Mississippi location. 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). With the help of McGuire Sponsel’s credits and incentives team, General Atomics will save around $6.8 million in tax payments over the first 10 years of the FILOT agreement.
Can Incentives Benefit My Client's Business?
The truth about credits and incentives for small and medium sized businesses: Most businesses don’t think they are eligible for or qualify for incentives because they aren’t the Amazons, FedExs, Apples or Googles of the world. However, many businesses make qualifying activities every year and never receive benefit. In this webinar, we explore what makes incentives accessible to small and medium sized businesses and the potential pitfalls to navigate around.
Recent Resources
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podcastsCredits & IncentivesNovember 10, 2022McGuire on the Wire Episode 63
by Justin GephartSteve Brunson gives an overview of economic development credits and incentives, and discuss how we work with clients to pursue...
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blogCredits & IncentivesSeptember 19, 2022
Georgia Tops Area Development’s 2022 Best States for Doing Business
by Steve BrunsonArea Development earlier this month revealed their annual Top States for Doing Business. For the ninth year in a row, Georgia...
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in the newsCredits & IncentivesJuly 14, 2022
Anduril Industries investing $60M in new facility in Atlanta
by Steve BrunsonAnduril Industries, a defense technology company that specializes in building advanced technology for U.S. and allied militaries, will invest $60...
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case studiesCredits & IncentivesJuly 11, 2022
Audiochuck
by Steve BrunsonAudiochuck is a media company that focuses on podcasts with plans to add 25 new employees by 2025.
