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The Client:
Alabama Developer
The Location:
Mid-State, Alabama
Average Annual Sales (entire project):
$200 million
Employees:
428 new full-time
256 new part-time
Incentive Package:
New Federal Tax Credit
Incentive Dollars:
$18 million
The Situation:
A developer doing a retail life center in Alabama had exhausted attempts at
local incentives. The project was proceeding in spite of minimal incentives
awarded. The project was budgeted at $90 million.
Approach:
TCM utilized its proprietary system to evaluate potential local, state, and
federal incentives potentially available. While it was too late to help with
local incentives, TCM identified a Federal Program and worked with Federal
Agencies to insure our clients project was eligible for New Tax Credit
consideration.
Results:
Based on several relevant criteria our client was eligible for 20% of the
capital budget in incentives or $18 million.
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