The challenge
A multinational company which provides lightweighting technologies to the automotive industry was planning on expanding its production footprint and employee headcount in its facilities located in the Midwest. Overall, the company was expecting approximately $12 million in real and personal property investment and 70-115 new, full-time equivalent jobs to be created.
The client was aware that state and local government subsidies may be available for its expansion plans, but did not have a full grasp of the government subsidies for which they were eligible.
Our approach
LNE Group identified and qualified the Indiana Economic Development Corporation (IEDC), which is managed by a board of directors (chaired by then-Indiana Governor Mike Pence). IEDC offers a variety of incentives to encourage companies to expand operations in Indiana, including tax credits, worker training grants, and hiring support through the Indiana Department of Workforce Development.
In addition to these state level incentives, LNE Group explored local government property tax abatements that are common in Indiana municipalities to encourage investment in manufacturing facilities. On behalf of the client, LNE Group managed the application process, including all communications and activities related to pursuing these government incentives.
LNE Group also led the application development, editing, and submission process with technical input from the client to ensure it fully complied with IEDC requirements and provided a compelling narrative necessary for a generous incentive package to be offered.
To maximize the incentive value, LNE Group also managed ongoing communication and negotiation with IEDC and local government officials to expand or adjust the incentives package offer.