A transportation company needed to identify a new site for its expanding business. Choices included expanding the existing operation or relocating across state lines. Infrastructure needs included access to an interstate highway system, roads with high tonnage rating and proximity to water ports. The total investment was in excess of $5.1 million. A total employment of 220 with a payroll of $10 million was expected by completion of the project.
Our team was hired by the company's Corporate HQ to negotiate incentive packages from the states of Kentucky and Indiana. The interstate competition resulted in incentive offers that would not have typically been awarded to a transportation company. Incentive commitments included infrastructure assistance real property tax abatement and a training grant creating a combined value of $1 million. The company collected all incentives awarded over several years through our compliance efforts. Corporate subsequently assigned an additional 4 projects.