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Incentive Services

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

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Incentive Services

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  1. Incentive Services Presented by D.E. Baetsen & Associates, LLC

  2. WHO WE ARE D.E. Baetsen & Associates, LLC

  3. 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

  4. PRODUCTS AND SERVICES D.E. Baetsen & Associates

  5. 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.

  6. 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

  7. Credits/Incentives • 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

  8. 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

  9. SUCCESSFULLY COMPLETED PROJECTS D.E. Baetsen & Associates, LLC

  10. 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

  11. 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

  12. 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

  13. 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

  14. Questions?

  15. 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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