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Published byKelly Bryan Modified over 9 years ago
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Incentive Services Presented by D.E. Baetsen & Associates, LLC
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WHO WE ARE D.E. Baetsen & Associates, LLC
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Who We Are Credit and Incentive Experts – Over 25 years experience in public and private economic development Comprehensive Incentive Management Services – Site selection – Incentive Research and Project Opportunity Assessment – Strategy Development and Negotiation – Administration and Compliance Cycle Management – Customized Compliance Guides - unique to project & cumulative for multiple projects Effective working relationships with government authorities 3
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PRODUCTS AND SERVICES D.E. Baetsen & Associates
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Products and Services Discretionary and Negotiated Incentives – Identify, negotiate and secure business incentives – Manage ongoing compliance for maximum realization of incentive awards Statutory Credits – Regular reviews of tax filings where significant liability exists – Identify savings; File and amend; Manage compliance – Recurring assessment of additional opportunities – Regular ongoing updates and alerts via newsletters or emails Site Selection – Guide companies decision process, critical path analysis – Considering strategic, operational, and financial implications. 5
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Our Process Understand your company and strategic goals Summarize projects for strategy development Implement strategy for securing incentive commitments Create Incentive Management Guide Address and schedule individual program compliance cycle Execute and respond to program changes, revisit goals, renegotiate when necessary Realize goals and begin next round of benefits 6
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Credits/Incentives 7 – Green Sustainable Investment – Performance based cash grants – Training grants – Hiring assistance – Relocation assistance – Enterprise zones – Free Land or Buildings – Cash reimbursement grants – Investment Tax Credits – Training Tax Credits – Site preparation assistance – Infrastructure assistance – Favorable financing – Land acquisition subsidies – Utility rate reductions – Industrial revenue bonds – Site improvements – Tax Incremental Financing – Jobs Tax Credits
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Eligible Projects Always pre-screen for Incentives New domestic or regional locations Investing in facilities, equipment, people Green or sustainable investments Consolidations Retention of current workforce Workforce training investments 8
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SUCCESSFULLY COMPLETED PROJECTS D.E. Baetsen & Associates, LLC
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RESULTS SUMMARY Manufacturer Plant Expansion Project Scenario – Manufacturer Needed to Expand Operations in U.S. or Mexico – Option to purchased building in U.S. and Make $48 Million Investment – Create over 150 New Jobs Result $12.9 million state and local incentive package – Refundable Tax Credits and Other Exemptions – 12-Year Property Tax Abatements – Cash Training Grants 10
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RESULTS SUMMARY Furniture Manufacturer Incentives Project Scenario – Furniture Mfg, Fortune 500 w/multiple location expansion – Relocation of Furniture OEM and expansion of 2 sister subsidiaries – $9 million investment between the 3 firms – Over 230 jobs in 5 years Result $4.3 million state and local incentive package – Able to negotiate base job number for only the affected companies – Able to negotiate counting all net new jobs for all 3 sister subsidiaries – Negotiated 10-yr refundable employment tax credit – Local 12-yr property tax abatements from 3 independent local governments 11
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RESULTS SUMMARY Historic Rehabilitation Project Scenario – Rehabilitation of 27,000 SF historic building to mixed-use office/medical/retail – Sustainable installations for energy efficiencies – $4 Million investment Result $2 million in federal, state, and local incentives – Energy Credit; Historic Rehabilitation Credit; State Brownfield Tax Credits; Local TIF Reimbursement 12
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RESULTS SUMMARY Manufacturer – Return China Production to U.S. Project Scenario – Needed New Location in U.S. – $2 million capital investment ($500,000 pre-award, $1.5 million post award – 46 new jobs (21 pre-award, 25 post award) Result – Total Incentive packed Secured of $920,000 – 11 year abatement for investments made prior 6 months – Incentives Package Comprised Of: Cash Grant, Training Assistance, abatements 13
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Questions? 14
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Contact Us! Call, email, web form! Dawn Baetsen (616) 301-5980 dawn.baetsen@debaetsen.comdawn.baetsen@debaetsen.com www.debaetsen.com We perform a quick assessment & deliver summary Flexible pricing options 15
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