Case Study: an international spirits importer and distributor secures over $500,000 in incentives with BDO

International Spirits Importer and Distributor secures over $500,000 in incentives with BDO

BDO assisted an international spirits importer and distributor that faced significant economic and logistical challenges in constructing a mountain-based distillery and tourism complex. The client needed to grow one of its brands in a rugged, rural county lacking the necessary infrastructure for such a project, which increased both complexity and costs.

BDO’s State & Local Tax Credits & Incentives team negotiated a first-of-its-kind incentive package with the state of Colorado. The solution combined a one-time cash grant for job creation and capital investment with an annual tax credit based on new employee wages, programs normally mutually exclusive. This BDO effort secured over $500,000 in incentives, which directly offset the infrastructure costs and helped finalize the project.