Credits & Incentives Overview
In order to attract and retain growing businesses, state and local governments can 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 are ready to relocate, expand, make capital investments or add new jobs, McGuire Sponsel can guide you through the economic incentives process.
How McGuire Sponsel Can Help
McGuire Sponsel guides growing businesses through important decisions while negotiating valuable economic incentives. We work with businesses of all sizes all across North America. Whether you represent a Fortune 500 company, a private equity group or a closely held business, our credits and incentives team can help bring value to your next project.
We provide comprehensive credit and incentive solutions including:
- Credits and Incentives Consulting
- Compliance
- Site Selection
When Should You Pursue Credits & Incentives?
Credits and incentives are highly time sensitive. Because credits and incentives are designed to encourage specific activities, they generally must be secured before you publicly commit to a project. If you are 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
Winona Building Products
Winona Building Products, a manufacturer of insulation vapor retarders and facings, was evaluating locations for their headquarters. McGuire Sponsel assisted with location analysis and incentive procurement. Our team engaged with the City of Plymouth and the Indiana Economic Development Coalition - successfully negotiating a state and local incentive package of $8,834,780.
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