At A10 Associates, we take pride in helping our clients expand, secure government funding, and navigate complex regulatory processes to drive long-term success. We are thrilled to celebrate the upcoming Grand Opening of our client’s new 430,000-square-foot manufacturing facility in Waco, Texas, later this year.
This $20 million capital investment will bring up to 700 new jobs over the next five years while retaining the company’s 198 current employees in Waco. Through strategic advocacy, economic development planning, and incentive negotiations, A10 Associates played a critical role in securing $1.8 million in funding to support this expansion.
Strategic Site Selection & Incentive Negotiations
When our client, one of the largest distribution transformer manufacturers in North America, sought to expand its footprint, A10 Associates led a nationwide search to identify the best possible location. Our team:
- ✅ Worked with C-suite leadership to determine ideal states for expansion.
- ✅ Sent a custom Request for Information (RFI) to multiple states to gather site selection and incentive offers.
- ✅ Conducted in-depth reviews of incentive packages & tax benefits from various states.
- ✅ Traveled with the client to multiple states to assess potential sites firsthand.
- ✅ Negotiated a competitive incentive package, securing $1.8 million in state and local funding.
In one state, we increased the original incentive offer by over 21.5%, demonstrating our ability to maximize funding opportunities for our clients.
Navigating the Complexities of Government Incentives
Beyond site selection, A10 Associates worked diligently to secure additional financial support to ensure our client’s long-term success:
- 💡48C Tax Credit Application: In October, we submitted a competitive 48C application to the Department of Energy, helping position the company for potential tax benefits in the clean energy sector. This was a long and complex process, requiring meticulous research, technical writing, and engagement with federal agencies.
- 💡State Incentives & Tax Credits: We conducted a thorough state-level incentives search in a handful of pre-selected states, identifying potential tax credits and funding opportunities to support the company’s operations.
- 💡Local Government Coordination: A10 Associates met with city and state officials, attended hearings, and advocated for our client’s expansion, ensuring a seamless approval process and securing local government support.
Preparing for a Successful Grand Opening
A10 Associates is actively working with our client on their grand opening plans:
- ✅ Securing local, state, and federal government leaders to attend and recognize the project’s economic impact.
- ✅ Coordinating logistics and media outreach to maximize visibility for our client.
- ✅ Highlighting job creation and infrastructure investment that benefits both Waco and the broader Texas economy.
Driving Economic Growth & Innovation
With over 50 years of industry leadership, our client continues to serve critical infrastructure sectors such as data centers, energy grids, and manufacturing. Their expansion in Waco represents a major investment in U.S. manufacturing, strengthening the supply chain and supporting domestic energy infrastructure.
At A10 Associates, we specialize in government relations, economic development advocacy, and securing non-dilutive funding to help businesses expand, innovate, and thrive. This success story is a testament to our ability to navigate complex processes, advocate for our clients, and deliver real results.
Looking for Support in Expanding Your Business?
If your company is considering an expansion or looking for strategic funding opportunities, A10 Associates can help. Contact us today to learn how we can support your growth.
