Who We Are
McGuire Sponsel offers Fixed Asset Services, R&D Tax Credit Services, Global Business Services, and Location Advisory Services. Our firm is committed to providing high-quality service with integrity in a way that helps partner firms bring value to their clients. Our approach has allowed us to become a trusted resource to the industry across the country, with a strong track record with the IRS.
Our Expertise
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Fixed Asset Services (Cost Segregation)
Fixed Asset Services (Cost Segregation)
Reclassify assets to optimize depreciation deductions and generate substantial cash flow benefits
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R&D Tax Credit Services
R&D Tax Credit Services
Rewards companies based on their investment in developing new products and processes
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Global Business Services
Global Business Services
Assisting clients in moving goods, people, services, and information across borders
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Location Advisory Services
Location Advisory Services
Guides growing businesses through location decisions while negotiating valuable economic incentives
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Alliance Network
Alliance Network
Strengthening results by delivering solutions outside the scope of local and regional CPA firms
Our Industries
With more than 1,500 clients, we leverage our expertise across industries to deliver solutions that suit the specific needs of each client, no matter the goal.
Site Selection Incentives
Site selection incentives are a critical tool that can serve as a catalyst for economic development. When used strategically, these incentives can help businesses find locations that align with their long-term goals while simultaneously enhancing the economic vitality of the communities they choose to inhabit.
The granularities of site selection are far more nuanced than merely choosing a location. It involves a careful analysis of site selection economic development incentives to ensure the chosen location aligns with a company’s business model. This alignment is key to fostering growth and bolstering profitability. The role of economic development incentives in helping businesses achieve their growth objectives cannot be overemphasized.
One of the critical aspects of the economic development incentives examples includes tax abatements. These are tax incentives offered by governments at various levels – state, regional, county, municipal, and utilities – designed to attract businesses to their areas. By reducing the tax liabilities of businesses, these bodies aim to create an environment conducive to business growth and prosperity.
Moreover, site selection and incentives have become intertwined concepts. The decision to select a business location is influenced increasingly by the incentives offered by potential sites. When economic incentives such as payroll tax credits, infrastructure grants, or low-interest loans are combined with site selection, they can substantially improve the feasibility of a location.
However, navigating through the maze of these incentives and understanding how they tie into site selection strategies require expertise. Companies like McGuire Sponsel are adept at guiding businesses through these intricacies. We make the process seamless and ensure synergistic alignment between business objectives and location incentives.
Lastly, consider the site selection incentives examples provided by a proficient site selection team. From initiating the discovery process and exploring the fiscal landscape of potential locations to ensuring compliance, every step is handled with the highest degree of professionalism. The ultimate objective remains the same: achieve a win-win outcome that benefits the business entity and the chosen community. By blending strategic insight with decades of practical experience, companies like ours at McGuire Sponsel ensure that businesses are positioned to maximize the value of location decisions, thereby securing long-term success.
Case Studies of Site Selection Incentives
The importance of site selection in terms of Location Advisory Services cannot be overstated, especially given today’s fast-paced, ever-evolving market. To this end, at McGuire Sponsel, we prioritize site selection and location advisory as crucial components of a successful business strategy. Specific real-world examples vividly illustrate such emphasis and reveal the strategic decision-making process executed by our team.
Recent business incentives examples provide ideal illustrations of this process. For instance, the city of Dallas adopted an economic incentive program designed to attract businesses to the region. The incentives ranged from tax abatements to infrastructural support. Armed with a comprehensive understanding of these incentives, at McGuire Sponsel we effectively assisted numerous clients in evaluating these opportunities, accommodating their particular industry needs and long-term business goals.
Similarly, California unveiled substantial site selection incentives to foster the growth of the renewable energy industry within the state. Among the lucrative incentives were state-sponsored training grants boosting the employment of local talent in companies. By leveraging the industry-specific intel of our Location Advisory Services team, numerous green energy firms were able to launch their projects not only in a financially wise manner but also in an environmentally conscious one.
Looking to the future and anticipating the best site selection incentives in 2024, one can expect a focus on digital and green technologies. Governments are likely to increase their incentives for innovative industries in alignment with broader societal and economic trends. Thus, the role of Location Advisory Services will be more vital to ensure businesses can effectively navigate this evolving landscape.
Lastly, another trend to watch is the potential rise of free site selection incentives in 2024. To boost economic recovery following the pandemic, locations may offer enticing incentives to lure businesses. As always, at McGuire Sponsel we stand as a ready strategic partner, assisting clients in optimizing such selections’ benefits.
In conclusion, the conscientious and strategic approach towards site selection incentives is a testament to the importance of Location Advisory Services. McGuire Sponsel’s comprehensive, client-focused approach to navigating these opportunities ensures clients’ resounding success. With the future unfolding ever more rapidly, a reliable, strategic advisor such as McGuire Sponsel helps businesses thrive amid the shifting economic landscape.
Sustainability and Site Selection
The process of site selection has evolved in response to the mounting concern for sustainability. In the past, site selection was largely influenced by traditional variables like labor availability, logistic access, and cost factors. However, amid the intensifying global push towards sustainability, “sustainability and site selection” has become an integrated concept influencing corporate decisions.
Businesses acknowledging the long-term benefits of sustainable site selection have begun to prioritize locations equipped with favorable sustainability incentives. Be it renewable infrastructure, energy efficiency, or minimal environmental impact, businesses nowadays are paying heed to these sustainable elements in site selection. Notably, governments across the globe, recognizing the importance of sustainable growth, have implemented a variety of “sustainability incentives” aimed at attracting businesses with an eco-friendly inclination.
Such sustainability incentives can range from tax breaks for utilizing renewable energy, grants for green construction, and rebates for energy-efficient appliances to deductions for pollution reduction efforts. These incentives, besides promoting sustainable business operations, can result in substantial cost savings, thereby giving corporations an additional reason to consider the sustainable route.
So, how does “sustainable site selection” incorporate into our approach?
Our well-schooled team appreciates the advantages of sustainable site selection and thus makes it an integral part of “corporate site selection”. When working with our clients on their location decisions, we assess not only the traditional factors but also investigate the available sustainability incentives at each prospective location – be it at the state, regional, county, municipal, or utility level.
Moreover, “site selection tax incentives” are a critical aspect of our evaluation. We continually assess new programs and monitor changes to existing programs throughout all 50 states, thus ensuring we are always abreast with the best incentive opportunities for your business. Sustainability incentives, given their double-edged benefit of environmental conservation and economic savings, hold a significant place in our tax incentive evaluation.
McGuire Sponsel is ecstatic to be a part of this global shift and endeavors to provide comprehensive location advisory and incentive solutions that take into account sustainability factors. By aligning your location decisions with sustainability and site selection considerations, we aim to maximize value for you while contributing to a greener, more sustainable future.
Site Selection Strategy
Navigating the complexities of site selection is a challenge many corporations face. McGuire Sponsel, your faithful aide in the course of site selection and location advisory services, is keenly equipped to assist your executive team in capitalizing on the merits of location decisions. The key to your organization’s longevity lies not just in adopting an efficient site selection strategy but also in maintaining a strong alignment with your business model.
Possessing a profound knowledge of economic development services, our team at McGuire Sponsel is acutely aware of the necessity for a favorable outcome, one that benefits both your organization and the community chosen for growth. Committed to your prosperity, we undertake the responsibility of coordinating all relevant stakeholders and securing an incentive deal optimized for risk mitigation and maximum savings.
In our quest to boost your growth, we pay close attention to both broad and localized incentive programs — spanning state, regional, county, municipal, and utility levels. Singularly focused on maximizing tax savings, we delve into our extensive evaluation process to determine your growth project’s highest potential for incentivized gains.
With service points from California to New Hampshire and Montana to Florida, our nationwide presence allows us to consider and evaluate opportunities across the length and breadth of North America. Tapping into our dynamic prowess, we continually assess novel programs and track alterations to existing ones, thereby maintaining an up-to-the-minute cognizance of incentive opportunities. This ensures that our team is constantly geared towards adding value to your location decisions.
Our site selection process, diligently structured into five meticulously planned stages, is a testament to our commitment to safeguarding your best interests. From the initial Discovery phase, where we evaluate project potential, to the final Compliance stage, wherein we ensure that incentivized offers are utilized to their utmost potential, we are dedicated to guiding and supporting you every step of the way.
Risk factors are inherent in business growth, which is why we consider potential roadblocks such as community support, industry-specific considerations, financial repercussions, and legal requirements. We present these for strategic evaluation early during our location advisory process, ensuring you’re equipped with a comprehensive understanding of each aspect before proceeding with decisions that could potentially lead to repayment situations.
Many businesses turn to us to safeguard their interests and maximize their growth potential. Working with McGuire Sponsel is not a one-time transaction; we believe in building long-term relationships. We ensure your organization gets the maximum available tax savings – and all this while fostering a positive atmosphere, both within the growth project and with the wider community. Our rich track record in successfully overseeing a varied range of projects from coast to coast stands testament to our expertise and commitment.
So, if you’re in the planning phase for growth, let’s talk – it’s never too soon to engage with McGuire Sponsel, your trusted advisor in location advisory and strategic growth planning. We’ll navigate the complexities of site selection together, bringing valuable economic incentives to your project.
McGuire Sponsel is committed to providing first-class service with integrity in a way that helps partner firms bring value to their clients.
Resources
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Location Advisory ServicesMay 7, 2024
Indiana’s READI 2.0 Grants Aim to Address Housing, Quality of Place, and People Development
by Ben Worrell, MBAWith Governor Holcomb’s announcement of the $500 million in READI 2.0 grant amounts to regions around Indiana, we can start...
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Location Advisory ServicesApril 26, 2024
HQ Hustle: How States Are Incentivizing Companies to Set Up Shop
by Ben Worrell, MBAManufacturing is often hailed as the poster child for economic development. Many communities actively seek manufacturing businesses through incentives due to its...
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Location Advisory ServicesApril 23, 2024
Changes to Wisconsin’s Business Development Tax Credit
by Ben Worell, MBAEffective March 23, 2024, and applicable to tax years beginning after December 31, 2023, the Wisconsin legislature passed Assembly Bill...
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Alliance NetworkApril 10, 2024
2024 Real Estate Advisory Guide
by TJ SponselWe’re dedicated to being the leading technical partner to real estate professionals across the United States. Download our Real Estate...