A client planned to build a new manufacturing plant in North Carolina, a rare development in today’s world of off-shore sourcing. The client asked us to assist in identifying and procuring incentives from the state and county in which it planned to locate. Most critically, we immediately recognized that the client could obtain $4 million in credits provided by law, but we did not charge the client for this. Statutory credits for this company were relatively easy to identify. We did not see much value in identifying these particular credits. However, we did see value in orchestrating an approach to the North Carolina Department of Commerce. We understood the need to negotiate incentive packages with rivaling states (in this case, Mississippi), and the “but for” provision, a recognition that the company would go elsewhere “but for” the JDIG offer. We were successful in obtaining the JDIG, and significant other incentives for the client.
Learn how we can find tax credits like this for your company. Contact us today for a complimentary consultation.