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the
Results
// Economic Incentives
Team 360 Services
CLIENT SNAPSHOT
With 12 locations throughout the nation, Team 360 Services specializes
in fire protection, building services, grease trap pumping services,
and general contracting services. Based in Indianapolis, the company
currently has over 30,000 customers and a 21 state coverage area.
Outgrowing its existing location, Team 360 Services needed to expand its
headquarters.
Client:
Team 360 Services
51 Koweba Lane
Indianapolis, Indiana
Project Type:
Building Expansion and Job
Growth
Project Location:
Indianapolis, Indiana
Employing 61 team members in Indiana prior to the expansion, Team
360 Services plans to create approximately 137 additional jobs over the
next five years, as well as enter into an ongoing training initiative for its
current and future employees.
Team 360 Services hired McGuire Sponsel to assist in examining the
option of expanding its headquarters in Indiana or focus its expansion
in New Jersey or Ohio. The staff at McGuire Sponsel led the incentives
procurement process and worked closely with company executives to
examine multiple expansion scenarios and costs. McGuire Sponsel
negotiated with the Indiana Economic Development Corporation (IEDC)
and the City of Indianapolis, Indiana to procure tax credits, grants and
tax abatement.
Project Objective:
Economic Incentives
Procurement
Capital Investment:
$1,826,000
New Jobs:
137
State and Local Incentives:
$ 75,000 SEF Job Training Grant
$ 650,000 EDGE Payroll Tax Credit
$ 171,000 Local Incentives
$ 896,000 Total Incentives
201 N. Illinois Street, Suite 1000 | Indianapolis, IN 46204 | (317) 564-5000 | www.mcguiresponsel.com
Trusted Partners. Proven Solutions.

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