Pallidus Inc., a leading manufacturer of silicone-carbide semiconductor wafers, engaged Baker Tilly to assistance in securing state and local incentives for a new manufacturing facility in Rock Hill, South Carolina. The site had been identified but the company had not been able to secure state and local incentives. The project was the company’s first mass-production facility with an estimated capital investment of $450 million and would create over 400 jobs.
Baker Tilly’s incentives advisory team reacted quickly to meet the timeline required to secure state and local incentives for the client. Through a careful yet swift process, the team was able to assemble the appropriate community stakeholders to receive an offer of incentives. After reviewing the scale of the client’s project and previous awards offered in the Rock Hill area, Baker Tilly was able to negotiate additional benefits beyond the initial offer, which the company accepted.
Baker Tilly was able to identify, negotiate and secure state and local incentives for the project which amounted to over 20% of project costs. Beyond simply receiving an offer, the Baker Tilly team managed the application and approval process at the state and county levels to ensure the incentive award could be fully realized.