Incentive Services

Presented by D.E. Baetsen & Associates, LLC

WHO WE ARE

D.E. Baetsen & Associates, LLC

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

 

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PRODUCTS AND SERVICES

D.E. Baetsen & Associates

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.

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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

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Credits/Incentives7

– 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

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

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SUCCESSFULLY COMPLETED PROJECTS

D.E. Baetsen & Associates, LLC

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

 

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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

 

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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

 

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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

 

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Questions?14

Contact Us!

Call, email, web form! Dawn Baetsen (616) 301-5980 dawn.baetsen@debaetsen.com www.debaetsen.com

We perform a quick assessment & deliver summary

Flexible pricing options

  

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