In Accounting Today, Ben Worrell proposes a plan for governments to examine their existing job creation tax credits and reframe them as rehire credits during the pandemic.

Indiana businesses looking to update their manufacturing process to better integrate new technology can be eligible for up to $200,000 in grants from the state. The Indiana Economic Development Corporation (IEDC) in partnership with Conexus, a division of  the Central Indiana Corporate Partnership (CICP) focusing on manufacturing and logistics businesses within Indiana, has announced a competitive matching grant program called Manufacturing Readiness Grants geared toward manufacturing businesses looking to invest and improve their processes. The program is designed to support businesses that launch initiatives to improve the capacity, efficiency, speed, and/or quality of their processes. This program is a part of a broader COVID-19 response initiative through IEDC called Economic Activity Stabilization & Enhancement (EASE).

If you plan to train new or existing employees this year, you may qualify for up to $100,000 in state grant money. The Indiana Governor’s Office established the Next Level Jobs program to enhance job skills and training for Indiana’s workforce. The Department of Workforce Development administers the program by managing applications, evaluating training programs, approving employer training plans, and executing the reimbursement of approved training.

As published in Inside Indiana Business, Ben Worrell discusses the possibility of governments foregoing tax revenue to help businesses recover from the pandemic.

As published in Accounting Today: Ben Worrell provides a thought leadership article on why business assistance and incentives must be broad-reaching.

 

 

As published in Area Development: Jacob Everett discusses why the public and private sectors must work together to continue to move business and community forward..

 

 

So your client’s growth and hiring plans have stalled as a result of the uncertain economic outlook. What should taxpayers be aware of now to plan for an economic recovery? Join Ben Worrell as he illustrates the significance of planning for future job growth, building expansions, relocations, and new capital investments.

North Mechanical Contracting & Service is a full service mechanical system solution provider. North Mechanical hired McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered growth.

GEMCO continued with McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered growth. GEMCO originally worked with McGuire Sponsel’s Credit & Incentives team to secure an Indiana EDGE credit for its first phase of growth in 2017.

Roberts Glass hired McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered growth. Roberts Glass fabricates and installs a variety of glass and aluminum panel systems for both interior and exterior applications in commercial and industrial clients. Roberts Glass also provides support services for emergency and regular maintenance contract work.

State gov'ts should offer tax credits to businesses rehiring employees

In Accounting Today, Ben Worrell discusses the potential for state governments to examine existing job creation tax credits and edit them to promote rehiring employees due to the impact of COVID-19 on business.

Read more here.