•  
 /  About Us / Details
09/08/2017

Kansas Gives Manufacturer $2.5 Million in Tax Incentives


Client Profile

Industry: Manufacturing
Annual Revenue: +$30 million
Entity Type: Private
Geographic Footprint: Worldwide

CBIZ helps companies achieve economic development incentives.Issue

A health care equipment manufacturer sought to expand its current location by constructing new facilities over a three-year period, with a total investment of over $11 million. In addition, the company planned to create several new jobs to accommodate its sales growth. The manufacturer wanted a solid return on investment (ROI) on the project.

Solution

CBIZ’s Tax Incentives Group developed a detailed spreadsheet of all investment expenditures, new job wages and benefits and the timeline to accomplish this project. The information was presented to Kansas to maximize the amount of sales tax exemptions, income tax credits and job creation incentives. CBIZ completed all the necessary follow-up paperwork to finalize the benefits.

Outcome

The company was approved for $2.5 million in tax incentives—the maximum amount of direct financial benefits, which provided the manufacturer with its sought after ROI. In addition, CBIZ continued to work with company staff to ensure that all requirements needed to maintain the benefits were accomplished according to a defined, multi-year schedule.

Assistance in Obtaining Economic Development Incentives

Discover how our start-to-finish approach helps you maximize all your state incentive offerings.

Download our case study


Copyright © 2017, CBIZ, Inc. All rights reserved. Contents of this publication may not be reproduced without the express written consent of CBIZ. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).

Share This Page
Print
Find Us
  • OR