The Client:
High-End Retail

The Location:
Sweetwater, Florida

Average Annual Sales (per store):
$20 million

Employees:
100 new full-time
35 new part-time

Incentive Package:
Brownfield

Incentive Dollars:
$3 million

The Situation:
Our client, a high-end retail chain, wanted to expand into Florida. The project costs for developing this new site were budgeted at $10 million, but grew to almost $17 million when problems developed.

Approach:
The chosen site had major environmental problems. TCM worked with the state government to get a tax credit for half of the cost of the environmental clean-up.

Results:
The client received $3 million in tax savings in return for assistance in cleaning up an underutilized piece of property in the local governmental district.