Location Advisory Services

Location Advisory Services

What are location advisory services? Location advisory services are designed to assist growing, dynamic companies with important decisions while negotiating economic incentives. A few kinds of clients we work with are Fortune 500, private equity firms, and small businesses. Examples of opportunities include creating new jobs, increasing payroll, purchasing new equipment, capital investments, relocation, and or expanding. Location advisory services can bring value to a business’ next project. Credits and incentives are time-sensitive and usually must be secured prior to the growth of the business. Location advisory services primarily work with growth projects in the planning phase. The importance of location strategy in operations management is to create a greater value of the business and develop the surrounding community. The location of the project can impact the profitability of the project. Our team works with state and local governments to provide economic incentives. The main goal of location advisory services is to maximize tax savings and minimize costs. Examples of economic incentives location advisory services include tax abatements, payroll tax credits, infrastructure grants, training grants, low or no-interest loans, and tax increment financing. Location advisory services have a relationship strategy of guiding clients through the process of application, negotiation, and providing comprehensive solutions. Some solutions are considered performance-based, meaning the incentive is built around a goal or target investment. Certain risk factors are taken into account, such as clawback potential and sunset deadlines. A few solutions include strategic growth planning, credits and incentives consulting, compliance, and site selection. Along with negotiating incentives, location advisory services help manage reporting compliance. The team is able to provide thorough documentation throughout the process and help manage deadlines and filing requirements. Location advisory services location strategy is continuous throughout payroll growth progress, investments on projects, and training updates. We value having long-term relationships with clients and keep them in mind for the opportunity of additional growth projects.

Location Strategy Consulting

McGuire Sponsel’s location strategy involves a five-step process. The process includes discovery, research, analysis, negotiation, and documentation. It is important for our team to stay ahead of the project; ultimately, credits and incentives should be looked into prior to any project start. Our team investigates optimal credits that could apply to our clients based on the location and size of the project. Location strategy consultants research the real estate of properties and take into account factors such as property tax to analyze possible benefits for clients. The location of the project can be in certain tax incentive zones. Address and precise location have a factor in the value of incentives as well. Consultants take into account risk and benefit for the client when reviewing projects. Credits and incentives can be provided at the state or local level. Furthermore, certain counties, cities, or towns may have incentives for clients. Location strategy consulting connects investment with location to optimize benefits and minimize costs for clients. Our site selection consultants take into account client and project values and align them with a location for the project. Consultants take into account the number of locations owned by the client, the client’s industry, anticipated investment amount, and possible job creation. The retail location strategy involves maintaining relationships with state and local officials, discovering the best incentives for clients based on location, negotiating beneficial deals for clients, and maintaining documentation, including compliance and procurement throughout the project. McGuire Sponsel is able to pursue location advisory consulting all over the United States on a state and local level.

Global Location Service Delivery

Location impacts profit in a variety of ways. Depending on the state, town, city, or county,  clients are able to receive different incentives. Some communities are eager for economic development and create greater incentives than those around them. Certain zones are created in areas to give special tax breaks and or regular exemptions to encourage economic development and or job creation. McGuire Sponsel is able to perform United States location advisory and global services. United States location advisory is able to serve clients in any state in the country and clients with multiple locations. Location advisory for business words towards creating value for the client. Location impacts the amount needed to hire, invest, or expand in order to receive incentives. Location advisory versus site selection is the whole process versus a section of site selection. Location advisory involves the whole process of procurement, negotiation, and site selection, while site selection is the focus of maximizing the value of location decisions. The creation of the project can incentivize the surrounding community for development and job growth. Global location service delivery involves discovery, procurement, analysis, and documentation. Throughout the incentive process, location advisory consultants will update and keep up with documents and procurement.

Location Advisory McGuire Sponsel

McGuire Sponsel’s Location Advisory Services evaluates credits and incentives for clients to help clients make important decisions with projects. More specifically, with site selection, Location Advisory Services investigates credits and incentives from a local, county, state, and federal level to help clients evaluate the best option that aligns with a client’s goals. Many projects are looked at as a benefit for both the client and the community. Different locations provide different incentives based on expansion, building, buying or leasing, adding employees, training programs, or additional machinery and equipment. All factors considered can make a difference in the amount of incentives offered for a project. Location Advisory at McGuire Sponsel alleviates a lot of work on the project to allow clients to pursue their project and focus on maintaining their business. McGuire Sponsel’s Location Advisory is the best option considered as the team maximizes profits, minimizes costs, maintains annual reporting, and continues to keep the client a first priority.