In the Indianapolis Business Journal, Ben Worrell explores the transformative impact of Indiana’s investments in the LEAP Research and Innovation District.
Choosing the right site for your client’s business is crucial for investors seeking to establish a new location or expand existing operations in the United States
The term “soar” is often associated with rising above or exceeding expectations. Michigan has applied this concept to its SOAR Fund, the Strategic Outreach and Attraction Reserve Fund. This fund was designed to give Michigan a competitive advantage for significant projects.
Tim LeMasters and TJ Sponsel dive into the latest growth strategies and opportunities across all areas of specialty tax. As we approach tax planning season, this session will provide you with insider knowledge on how to maximize credits, deductions, and incentives for your clients or business.
As of June 2024, vacancy rates for office buildings in the United States averaged 18.1%, up from just 11.4% as of December 2019 and just 10% in downtown areas. We have heard this trend of businesses vacating their main offices for remote work or downsizing into the suburbs for hybrid options for a few years now and know it can lead to several problems.
In this episode of Let’s Talk Tax, host Justin Gephart discusses site selection and its crucial role in business growth with guest Ben Worrell, a principal in McGuire Sponsel’s Location Advisory Services.
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 your clients are considering relocating, expanding, making capital investments, or adding new jobs, McGuire Sponsel can help businesses take advantage of these economic incentives and guide them through our strategic growth planning process.
The business landscape has transformed in recent years, with many companies adopting hybrid and fully remote work schedules. This shift not only helps companies save on real estate and office costs but also presents opportunities for tax savings as companies expand their at-home workforce.
In mid-July, Elon Musk announced that he planned to relocate his social media platform X and rocket manufacturing company SpaceX from California to Texas. This significant decision stemmed from dissatisfaction with Californian laws and came a month after he won shareholder approval to incorporate his other business, Tesla, in Texas. Despite uncertainties leading up to the 2024 presidential election, many other businesses are making similar moves.
The United States continues to be one of the leading destinations for foreign direct investment. For international investors considering investing in the U.S., understanding the unique and intricate landscape of economic development incentives is crucial.
Indiana’s Big, Bold LEAP District Play Draws Some Reflection
In an article featured in the Indianapolis Business Journal, Ben Worrell, a Shareholder in our Location Advisory Practice, explores the transformative impact of Indiana’s investments in the LEAP Research and Innovation District.
Ben highlights Indiana’s ambitious vision to position itself alongside global innovation hubs like North Carolina’s Research Triangle. He emphasizes the need to sustain this momentum to attract cutting-edge opportunities in advanced manufacturing, microelectronics, and life sciences—industries that will drive future economic growth.
As a Shareholder for McGuire Sponsel’s Location Advisory practice, Ben Worrell fosters client relationships by guiding clients through the intricate compliance requirements associated with credits and incentives benefits.
Ben builds confidence in the McGuire Sponsel client relationship by working with clients throughout the duration of their project – not just in a one-off transaction.