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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$51M+
Incentives Secured
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$460M
Capital Investments
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More than 2,900
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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blogCredits & IncentivesMarch 12, 2021Midwest, Southeast, Texas Thrive in Unusual 2020
by Steve BrunsonPrincipal Steve Brunson breaks down Site Selection’s 2020 metro rankings and what it means for economic development activity in 2021.
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in the newsCredits & IncentivesMarch 8, 2021
Podcast Guest Appearance: Credits & Incentives
by Jacob EverettIn Nate Lelle’s podcast, IN Construction with Nate Lelle, Jacob Everett talks economic development, how states and communities can recover...
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in the newsCredits & IncentivesFebruary 8, 2021
Compliance reporting helps firms realize benefits from credits and incentives
by Ben WorrellIn Accounting Today, “Compliance reporting helps firms realize benefits from credits and incentives,” Ben Worrell explains why compliance reporting is critical...
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in the newsCredits & IncentivesJanuary 25, 2021
Prepare a Credits and Incentives Plan Early
by Ben WorrellBen Worrell is featured in AccountingWEB discussing key triggers that CPAs must ask themselves on how they can help clients...
