Case Study: Fortune 500 Marine Manufacturer achieves $8.5M+ in tax and discretionary incentives with Equifax

Marine Manufacturer - Customer Case Study

This Fortune 500 marine manufacturer — with more than $5B in annual sales and 27,000 employees — planned a new boat manufacturing facility in North Carolina involving a $29M asset acquisition plus $22M in planned investment. Because the project involved multiple departments and an evolving deal structure, the company engaged Equifax to evaluate available incentives and manage negotiations so it could stay focused on operations and closing the transaction.

Equifax identified the most valuable statutory and discretionary programs, prepared applications as details were finalized, secured a North Carolina Job Development Investment Grant (JDIG) and a local discretionary grant, and obtained a Private Letter Ruling to treat existing jobs as new for job tax credit eligibility. The work delivered more than $8.5M in tax and non‑tax incentives — including $4.36M in JDIG, roughly $1.2M in job tax credits, over $1.1M in training incentives, $1.6M+ in sales tax reductions, and a $250,000 local grant.