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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$180M+
Incentives Secured
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$600M
Capital Investments
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More than 3,100
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
- Webinar
Audiochuck
Audiochuck approached McGuire Sponsel to negotiate incentives for the new employees they planned to hire. Our Credit & Incentive Services team negotiated an EDGE tax credit with the IEDC by leveraging the addition of new jobs and headquarters growth in the state. The process to negotiate and procure the credit took about one month.
Shifting Landscape of Economic Credits & Incentives
Economic credits and incentives provide significant value to high growth clients. Qualifying projects are based on several factors: timing, location, industry type, investment, and new job creation. However, incentive programs shift and change from time to time based on many factors: political changes, economic shifts, and local growth priorities. As the economy continues to evolve in a post-pandemic environment, it is important to understand how these changes are affecting the value of credits and incentives.
Recent Resources
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in the newsCredits & IncentivesJuly 14, 2022Anduril 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.
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in the newsCredits & IncentivesJune 16, 2022
Know the cast of characters in economic development projects
by Ben WorrellIn his latest piece in Accounting Today, Ben Worrell discusses the cast of characters in an economic development project, and...
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webinarsCredits & IncentivesMay 24, 2022
Shifting Landscape of Economic Credits and Incentives
by Steve BrunsonEconomic credits and incentives provide significant value to high growth clients. However, incentive programs shift and change from time to...
