The Incentive Edge: Maximize Success by Engaging the Right Advocates for Your Investment Project

12.12.2024

Every investment has its strengths and challenges. Engaging both internal and external advocates early ensures timely completion, minimizes costs and risks, and maximizes the project's potential.

Why Businesses Invest
Businesses invest for various reasons: expanding to new markets, scaling production, meeting consumer demand, or addressing operational needs like lease expirations or workforce growth. But no matter the motivation, planning with strategic advocacy is critical for success.

Internal advocates play a critical role in championing the project from inception to execution and post-investment evaluation. They align teams around a cohesive strategy, assess the business impact, and address essential questions: What’s the ROI? What are the tax implications? What resources—people and external partners—are needed? By seeing the big picture, internal advocates communicate the project’s importance to leadership and stakeholders while leveraging team strengths to ensure success.

External advocates, such as community leaders, who provide insights into local dynamics, identify risks, and help create win-win solutions. They guide businesses through workforce development, permitting processes, tax implications, and alignment with community plans. External advocates also help businesses address potential challenges, such as community perceptions or operational impacts, while highlighting resources to support future employees and ensure long-term success.

When starting a new investment project, prioritize assembling a team of skilled internal and external advocates. Their combined expertise can transform challenges into opportunities, ensuring your business thrives.

For more information on how we can support your business click HERE.

---

Recent Project Announcements

Congratulations to our client, Coolants Plus, on their recent expansion in the City of Hamilton, Ohio! It was truly an honor to collaborate with their team and support their growth strategy.

Coolants Plus to build a new 100,000+ sq.ft. facility and invest more than $10M in the City of Hamilton, Ohio. Read more HERE.

---

2024 Project Highlights

Our clients have shown remarkable leadership, resilience, and creativity throughout 2024. We've had the privilege of supporting these executive-level deal teams, helping to drive both upfront and long-term savings ($80.16M) for their investment efforts. Read more HERE.

Encore Technologies expands again and increases workforce in Norwood, OH: Encore Technologies, a recognized leader in data center colocation, managed network services and information technology professional services, announces an expansion in Norwood, Ohio, with support from JobsOhio and REDI Cincinnati. The company plans to add 170 new jobs with an annual payroll of $18 million, while retaining 273 existing positions.

Thinking about entering a new market, growing in your current one, or relocating? Explore our recent success stories to see how we've helped clients navigate these pivotal decisions. See other 2024 project wins HERE.

---

Client Success Stories

	Cintas HQ Expansion Cintas, one of five Cincinnati-area public companies to sit on the Fortune 500 list of the largest American businesses, is investing $15 million to overhaul its Mason headquarters, a move that will create 125 new jobs. Read more HERE.
	Worldpay HQ Expansion Worldpay, a global provider of payment technology products, is re-establishing its headquarters in Greater Cincinnati and bringing 500 new jobs, according to the state of Ohio. Read more HERE.
	Medpace HQ Expansion Medpace, a scientifically-driven, global, full-service clinincal contract research organization (CRO), secured incentive support for their $150M expansion project. Read more HERE.

---

Established Process, Proven Results

KMK Consulting continues to unlock value that others miss.

Secure $2.5B+ in state and local incentives across 35 states in 100+ communities Directly negotiated incentives for 600+ companies On average, secures 2X more incentive support per job and 140% more grant dollars per project Advised on more than 2,000 business recruitment and expansion deals

For more information on how we can support your business click HERE.