In the third installment in his series in Accounting Today, Ben Worrell discusses the next pillar of credits and incentives projects: investment.

There are key pillars of Credits & Incentives projects that can determine the potential success of a project, including location, timing, and investment. If a project is in the right location and incentives are pursued at the right time, the potential to maximize incentive opportunities is greater. In his series in Accounting Today, Ben Worrell dives into the pillars of viable and successful credits and incentives projects.

Kentucky Legislature wrapped up the 2021 extraordinary session just before midnight on Thursday, September 9. The legislature considered and passed legislation related to economic development projects that exceed $2 billion in investment and is primarily geared towards attracting an economic development project to the 1500-acre Glendale Megasite located roughly 45 miles outside of Louisville.

In the second installment in his series in Accounting Today, Ben Worrell discusses the second pillar of credits and incentives projects: timing.

In Area Development, Jacob Everett and Steve Brunson discuss the importance of location economics to drive business decisions for Private Equity firms.

Bigelow Tea Co., a third-generation family-owned specialty tea business, announced plans to expand their current operations and add 31 jobs. McGuire Sponsel’s Credit & Incentives services team helped secure incentives against its income tax liability and/or wage assessments.

State and local programs that support economic credits and incentives are as diverse as the 50 states. Or are they? McGuire Sponsel’s Credits & Incentives experts take a look at common regional trends across the United States that identify tax savings for growth projects.

Pretzels, Inc. is a leading contract manufacturer of baked pretzel and extruded corn snacks for companies all around the United States. Pretzels, Inc. utilizes state of the art bakery technology ensuring consistent and high quality taste, texture, freshness and timeliness.

NextLevel Jobs program and the Manufacturing Readiness Grant are two incentive programs that are offered in Indiana to benefit local businesses and enhance their operations within the state. McGuire Sponsel’s Credits & Incentives team are experts on these programs and can help you navigate the process from application through implementation, maximizing the possible incentives for your business.

The third pillar of credit and incentive projects: Investment

In the third installment in his series in Accounting Today, Ben Worrell discusses the next pillar of credits and incentives projects: investment.

With interest rates at all-time lows, economic demand continuing to provide growth potential, and federal programs assisting with cash on hand, many businesses are considering new investment options.  Identifying investment and growth projects early on could qualify for valuable inventive opportunities.

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