The Advanced Technology Practice has extensive experience working with domestic and international technology businesses interested in relocating or expanding their operations into new sites. State and local governments frequently incentivize the establishment of new facilities with high economic and job growth potential, and are optimal sources for procuring additional funding to subsidize or reduce construction, operational, and personnel costs. Additionally, specific programs also exist for small and emerging businesses that provide generous start-up cost subsidies for items such as workforce training, technology development, and infrastructure development.
McAllister & Quinn frequently assists clients in the advanced technology, aerospace, and energy sectors with identifying and negotiating competitive economic incentive packages. This category of funding often spans job training subsidies, tax credits, capital expense grants, and favorable loans. Our team helps our clients by identifying ideal opportunities for incentive packages, networking their needs with state and local government offices, and advising on their negotiation and implementation.
Our team recently assisted one of our for-profit clients, an international advanced technology innovator and manufacturer, secure funding from a state government for the placement of a $50,000,000 research and production center. By making contact with state officials and providing strategic consultation, McAllister & Quinn helped this client identify targeted programs that provide tax incentives for job creation and economic growth. McAllister & Quinn also facilitated introductions with local government officials who advocated for this project and helped leverage state resources to ensure its completion.
For more information on site selection opportunities for your organization, please contact us.