Our Location Advisory team secured local incentives totaling 10% of project budgets for multifamily housing developments in Wichita, KS—accelerating approvals, maximizing ROI, and supporting community revitalization.
As the federal tax landscape continues to shift under the One Big Beautiful Bill Act and its ripple effects, CPAs face a critical moment: how to balance proactive planning with compliance while strengthening their advisory role.
McGuire Sponsel was engaged to support the client’s expansion into Arkansas and interact directly with the Arkansas Economic Development Commission (AEDC) and the client’s CPA to manage the application process.
In Area Development, Ben Worrell, MBA, explains why site selection starts with facts, not charm.
Securing state and local economic incentives is a multi-phase process—one that requires careful coordination between business goals, tax strategy, and compliance. In this webinar, McGuire Sponsel’s Location Advisory Services team will outline a proven five-step framework for navigating the full lifecycle of an incentive-backed project.
Host Justin Gephart and guests Brad Brown, CPA, of BMSS, and Chad Collier, Relationship Manager at McGuire Sponsel discuss the impact of current economic conditions on growing clients and the benefits of Location Advisory Services.
Business expansions, like a perfect sundae, are best with a cherry on top—in this case, incentive programs. By identifying and securing state and local incentives early, companies across industries can unlock substantial financial benefits, as illustrated by real-world projects in food manufacturing and cold storage.
Host TJ Sponsel is joined by guest Ben Worrell, MBA, to address why many CPAs hesitate to engage in location advisory services and economic development incentives.
McGuire Sponsel helped a rapidly growing fire protection company secure targeted incentives in Kentucky and Ohio to support a multi-state expansion, despite industry classification challenges.
McGuire Sponsel was referred to assist a CPA in Indianapolis, IN, with compliance. The client has procured incentives and requested additional assistance in annual reporting.
Client Snapshot
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Project TypeWorkforce Housing Development
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Location
Wichita, KS
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Project Objective
Incentive Procurement
Approach & Results
Client Profile
A leading real estate development firm headquartered in Wichita, Kansas, this company specializes in multifamily, mixed-use, retail, entertainment, adaptive reuse, and in-fill residential projects across suburban and urban settings. With a track record of revitalizing communities through innovative development, this client sought to maximize financial efficiency across several new projects within the region.
Challenge
The client approached our Location Advisory team seeking guidance on incentive opportunities to support the financial feasibility of an upcoming housing development in Wichita. Following the successful outcome of the initial engagement, the client entrusted our team to continue strategic incentive procurement work for four additional multifamily projects.
Project Objectives
The primary objective was to secure available local and state incentives that would offset development costs and enhance project viability, specifically through property tax abatements and sales and use tax exemptions. The client was looking to obtain meaningful incentives in a timely manner without significant project delays or complications.
Process
Our Location Advisory team collaborated closely with local economic development organizations (EDOs), legal professionals, and community partners to advocate for and structure the most advantageous incentive package. We conducted a comprehensive review of the applicable redevelopment areas and special zones, identifying further opportunities for benefit. By actively participating in local council meetings, our team was able to offer direct support and address community and governmental stakeholders’ questions, ensuring a transparent and positive approval process. These combined efforts resulted in successful procurement of substantial financial incentives for each multifamily development.
Results
Over the course of multiple projects, each multifamily development secured between $300,000 and $400,000 in combined property tax abatements and sales and use tax exemptions—representing approximately 10% of each project’s total budget. The collaborative process and swift two-month average timeline per project reinforced the value of strategic incentive procurement for ongoing and future developments.
Our Location Advisory team is committed to identifying and delivering incentive solutions that maximize client ROI and contribute to vibrant community growth.
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10%
Incentive amount of total project budget
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$300K-400K Per Project
Property Tax Abatements & Sales and Use Tax Exemptions