Economic Development
Economic development incentives drive sustainable growth and encourage public-private partnerships. As the South leads the country in economic development and becomes a hub for innovative industries, companies rely on our multidisciplinary team to structure and deliver successful projects. We have helped hundreds of companies establish distribution centers, advanced manufacturing facilities, resorts, health care centers and other commercial enterprises. Many of these projects received assistance from various federal, state and local programs.
Related Professionals
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Economic development incentives can be the key to a development project’s success. We’re well-versed in finding qualifying incentives, tax abatements, credits and exemptions. We regularly structure custom incentive packages and negotiate with local, regional and federal officials to secure benefits while minimizing risk. Our cross-disciplinary team includes government economic incentives and renewables, business, tax, real estate, environmental and litigation attorneys. The team guides companies through every step of the development process, from concept to securing incentives to tax compliance and reporting.
Our deep and long relationships with local and state government and administrative agencies give us insight into how projects are evaluated and new policies and programs being considered. Clients with complex, high-stakes projects look to us for help in making their projects a reality. We also have a renewables team that can provide additional resources if the use of renewables is appropriate for the project.
Services
- Economic incentive identification, negotiation, closing and compliance
- Ad valorem incentives including payment in lieu of tax (PILOT) programs
- Tax credit financing (TIF) vehicles
- Brownfields redevelopment projects and loans for financing mitigation
- Construction contract negotiation, bidding oversight and dispute resolution
- Real estate aggregation, easements and access rights
- Energy, utility and infrastructure improvement incentives and power purchase agreements
- Enterprise Zone Programs
- Environmental due diligence, compliance and administrative issues
- Federal housing, historic (HTC) and new market tax credits (NMTC)
- Local, state and federal grant programs
- Public-private partnerships (P3)
- Renewable project development
- Tax optimization
- Workforce training and incentives
- Land use, permitting and zoning issues
- C-PACER loan programs
- Issuer or borrower representation for revenue bonds