PTG conducted a national search to identify strategic sites for expansion. After evaluating several potential sites, PTG determined Louisville, Kentucky to be the preferred location.
Shoreline Transportation hired McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered expansion.
The company, with the guidance and collaboration of McGuire Sponsel’s Credits and Incentives team, requested and received an Economic Development for a Growing Economy (EDGE) tax credit.
Alliance RV hired McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered expansion/relocation.
Proveli hired McGuire Sponsel to negotiate and procure economic incentives on their behalf in support of the company’s considered expansion.
McGuire Sponsel, a specialty tax and consulting firm with clients throughout the United States, has hired Jacob Everett—an experienced leader in economic development—as a Business Development Manager in its Credits & Incentives Practice.
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.
Automated Doors and Access, Inc (ADA USA) is a contract servicer and installer of door and security access systems for many industries, including healthcare, headquarters, non-profits, and office users.
Sierra Enlow will guide businesses on site selection, credits and incentives procurement, and growth and expansion efforts. Read more here
Year in Review
Growing companies create jobs, train workforces, and advance communities. Last year, McGuire Sponsel’s credits & incentive teams helped companies across the U.S. secure:
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$51 Million
Incentives
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2,900
Jobs
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$460 Million
Capital Investments
A few examples:
VS Engineering
With plans to grow its highly skilled staff by more than 60 employees, this Indiana-based professional engineering consulting firm received $800,000 in IEDC (Indiana Economic Development Corporation) EDGE (Economic Development for a Growing Economy) credits to support its growth goals in Indianapolis and around the state.
Pretzels Inc.
A leading snack manufacturer, Pretzels Inc. needed to double its facility size and production capabilities, investing $70 million in buildings and equipment and adding 183 employees in its Plymouth, Ind. location. McGuire Sponsel helped Pretzels, Inc. with site selection, a creative tax-increment financing (TIF) option for $14 million, and the negotiation of more than $1 million in IEDC EDGE credits, plus Economic Development Rider discounts from a local utility.
Alliance Recreational Vehicles
With plans to attract 275 employees and invest approximately $13 million, this start-up RV assembly operation in Elkhart, Ind. received more than $3.7 million in IEDC EDGE credits.
Proveli, LLC
An Atlanta-based manufacturer and wholesaler of street signs across the country, Proveli was exploring the acquisition of an Indiana-based company. With their plans to add 90 employees and invest $5 million into the state, Proveli received a $700,000 in IEDC EDGE credits.
Shoreline Transportation
Based out of St. Louis, Mo., this company invested $10 million in a new trucking terminal in Montgomery, Ala. Along with equipment and 70 new jobs. McGuire Sponsel helped them receive local property and sales & use tax abatements totaling more than a $760,000.
2020
If your company or clients are planning to relocate, expand, make capital investments or add new jobs in 2020, contact McGuire Sponsel to explore potential credits & incentives that help support your goals.
