Tax Credit & Negotiated Business Incentive Success Stories
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| Retail Development (Colorado) |
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NexGen Principals successfully identified, negotiated, and implemented a sales tax revenue sharing agreement for a retail development in Colorado. The net proceeds to the client were approximately $150,000. |
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| Retail Development (Maryland) |
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NexGen Principals successfully identified and negotiated a municipal low-interest financing in Maryland for a retail development. The interest rate arbitrage resulted in approximately a net present value savings of $400,000. |
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| Mixed-Use Redevelopment (Illinois) |
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NexGen Principals served as a financial advisor to a developer to negotiate and structure a Tax Increment Financing (TIF) subsidy in the City of Chicago. Term sheet and redevelopment agreements were negotiated and creative financing structured so that the developer received a $5 million cash subsidy at the beginning of their construction period. |
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| Industrial Development (Indiana) |
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NexGen Principals identified and negotiated a TIF subsidy and a corresponding property tax abatement for an industrial expansion in Indiana. The net present value of the benefits is approximately $20 million. |
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| Industrial Development (Ohio) |
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NexGen Principals identified and negotiated an government incentive package for a $90 million plant expansion in Ohio. The incentive package encompassed direct subsidies, tax abatements, and federal tax-exempt financing that resulted in a net present value benefit of $37 million. |
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| Credit Refund Review - Energy Generation and Transmission Client (Illinois) |
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Principals of NexGen performed a state tax credit refund review which resulted in over $4 million of refunds and/or audit assessment reductions. Project included the development of new and proprietary data collection and credit calculation methods. Overall services included opportunity evaluation, data gathering, testing and manipulation, interaction with state audit division, preparation of refund claims, and audit defense. |
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| Credit Refund Review - Diversified Manufacturing Client (Multi State) |
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Principals of NexGen performed a state tax credit refund review which resulted in over $800,000 of refunds and/or audit assessment reductions. Project involved states from across the country. Overall services included opportunity evaluation, data gathering, testing and manipulation, interaction with state audit division, preparation of refund claims, and audit defense. |
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| Credit Refund Review - Business Services Client (Multi State) |
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Principals of NexGen performed a state tax credit refund review which resulted in over $600,000 of refunds and/or audit assessment reductions. Project involved states from across the country. Overall services included opportunity evaluation, data gathering, testing and manipulation, interaction with state audit division, preparation of refund claims, and audit defense. |
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| EDGE Credit Negotiation - Manufacturer (Illinois) |
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Principals of NexGen negotiated a $1 million EDGE credit award for the relocation of back office facilities. Project included diagnostic, data gathering, application submission, negotiations with DCCA, and contract consulting. |
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| EDGE Credit Negotiation - Marketer (Illinois) |
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Principals of NexGen negotiated a $17 million EDGE credit award for client’s domestic headquarter facilities. Project included diagnostic, data gathering, application submission, negotiation, and strategic negotiation consulting. |
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