SERVICES | SITE SELECTION & TAX INCENTIVES
In today’s business environment, taxing jurisdictions across the nation and the globe are offering tax and financial incentives to attract business investment and jobs to their communities. Establishing a competitive incentive package is now required in order to be considered for any significant private development investment. However, for public sector leaders it is equally important to know what the pay-off or return on that public investment will be. Likewise, expanding and relocating businesses typically need assistance evaluating the different tax and financial incentives offered by various communities. Camoin Associates has provided assistance to both public sector clients looking to craft a competitive, yet financially viable, incentive package and private sector clients needing to find a location in which they can be most competitive within their industry.
Schluter Systems, LP – A German manufacturer of leading-edge tiling systems, components and accessories with an existing distribution network for North America wanted to expand and locate production facilities in the US. Schluter Systems, LP turned to Camoin Associates to help with tax incentives and other economic development assistance. We worked with the company on determining appropriate corporate structure, deal packaging and benefit maximization, convincing the German parent entity to move forward with the project in Plattsburgh, NY. Since that time, the company has begun moving forward with an additional supply-chain component manufacturing facility to accelerate the product's introduction into big-box retailers across the United States.
Schreiner MediPharm, Inc. – German manufacturer of precision labeling technology wanted to locate its first-ever production facilities in the United States. The company asked Camoin Associates to help it understand the potential benefits of the Empire Zones program, lead it through designation as a Regionally Significant Project and assure timely approval of its certification as an Empire Zone enterprise. We provided counsel on the risks and benefits of the program, the issues of timing and compliance, and provided the level of assurance to the board of directors that made the investment possible.
Ducommun AeroStructures, Inc (DCO) – DynaBil Industries of Greene County, NY, maker of high-tech components for commercial and military aircraft, was acquired by Ducommun AeroStructures, Inc. based out of California. As part of its strategy for growth, Ducommun needed to decide among several of its locations, including the former DynaBil site, to make a major investments and ramp up production of several lines of products. Camoin Associates was hired to provide management assurances and estimations of the benefits of the Empire Zones program for the Greene County site. The company's Board of Directors ultimately made the choice to site the expansion in Greene County in part due to the substantial nature of the benefits we helped secure.
Zapata County, Texas - The Zapata Economic Development Center (ZEDC) is working hard to overcome the severe economic hardships plaguing the rural border communities of Zapata County, Texas. For decades, the County relied on the oil and gas industry to create jobs and tax revenue. As natural gas drilling activity subsided in the county in recent years, the County's economy suffered and job opportunities for residents are now severely limited. Camoin Associates assisted ZEDC in preparing the County's first proposed tax abatement and incentive package and preparing for a site visit by a major business prospect. These initiatives are helping ZEDC meet their goals, including being the first county in the state to enact zoning and land-use laws and obtaining significant grant funding to complete a comprehensive economic development strategy.
The New York State Empire Zones Program is one of the nation's premier incentives systems to promote economic development. If used properly, a company can reduce its New York State tax liability and local property tax payments to zero, reduce or eliminate sales tax, reduce energy costs, and in some cases, receive a cash payment from New York State for jobs and investment made. Camoin Associates staff has extensive experience with both the public and private side of the Empire Zones Program, providing zone administration services to many municipalities across the state and business advice to various private entities.
Madison County - As part of its Economic Development Plan, Madison County opted to do a one-day work session with national site selectors to gain insights into the region's strengths and weaknesses. Camoin Associates coordinated and facilitated the session, using its contacts to secure participation from site selectors representing various industry segments relevant to the County. The session identified realistic market opportunities and development initiatives for the County to pursue over the next five years.
Endure Renewable Energy, LLC - Endure Renewable Energy, LLC is a site selection consultant firm that is currently working with a Brazilian manufacturer of wind turbine towers. Endure is helping the company make a locational decision for their new North American manufacturing site and has engaged Camoin Associates to help evaluate the various grants, loans, exemptions, tax credits and other incentives being offered by a number of states across the US.
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