Benefit Value: $6 Million
Options Discovered:Two competing states offered tailored tax credits/rebates for income tax, Federal and State R&D credits, workforce development grants, and real estate tax abatement local level, ranging between $4M - $6M. The outside offers were utilized to create a tailored and maximized incentive offering leveraged with in the state and local municipality of their choice and to negotiate flexible project start dates.
East Coast App Developer
Benefit Value: $800,000+
Options Discovered:The Company connected with the New Jersey and Philadelphia options for leveraged site selection, money for training and hiring and more. The company chose to secure a location in a Keystone Innovation Zone (KIZ) program, within Pennsylvania. KIZs are special districts offering tax incentives to qualifying companies in targeted life science and technology sectors. In this case the client benefits to up to $100,000 a year for eight years of a sale-able tax credits.
Architectural Lighting company
Aerospace Product Company
Benefit Value: $730,000+
Options Discovered: Relationship connections were made within Illinois and Wisconsin and several local municipalities, on behalf of growth projections, in order to receive incentive award offers. ENJEN proffered $732,600 in State tax credits, with an additional 10% of annual training expenses, 50% reimbursement of customized training, and government lending at 2% below prime with a calculated interest savings of $54,977. The client utilized ENJEN’s legal team for application and legal reviews which amounted to an estimated savings of $21,000 in legal fees.
Midwest Robotics Company
Benefit Value: $10 Million
Options Discovered: Several competing states offered tailored tax credits/rebates for income tax and R&D, workforce development grants, and real estate tax abatement at state and local level, ranging between $4M - $10M. The outside offers were utilized to create a tailored and maximized incentive offering leveraged with in the state and local municipality of their choice and to negotiate flexible project start dates.
East Coast Food Manufacturer
Benefit Value: $800,000+
Options Discovered: A cash grant offer, of $150,000 came from the State of Delaware and from the state of Pennsylvania, a competitive offer of a low government interest loan concurrently with salable tax credits valued over $800,000 were garnered. ENJEN was used to connect key relationships which supported the company in the loan process and coordinated key site selection milestones with the added benefit of removing typical financial and time barriers.
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