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.
2018 Results
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$24M+
Incentives Secured
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$19,220
per Employee Incentives
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Over 1200
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: Manufacturing | Plymouth, IN
- State & Local Updates
Case Study
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.
