Every year, local and state governments dole out billions of dollars in economic development incentives. Yet these deals are increasingly under the spotlight, with high-profile examples even making the news for their downfalls. At the same time, companies are under pressure to make good use of their incentives to create jobs, invest in communities and strengthen local industries. As a result, companies need seasoned counsel deeply established in local markets to navigate the multifaceted challenges of an expansion or relocation.
Turner Padget’s Economic Development Incentives Practice partners with new and expanding businesses looking to locate to the Southeast. We help clients explore and evaluate their available tax and incentive options, negotiate agreements with local governments and utilities, and document and implement incentive packages.
Realizing that our clients are best served by a holistic, whole-company approach, and our group ensures all aspects of an expansion or new location are addressed. This includes not only working with a client’s project coordinators and consultants on incentives, such as Fee-in-Lieu-of-Tax (FILOT) agreements, job credits, and government and utility grants, but also on-site selection, real estate transactions, financing, lease agreements, and construction planning, contracting and permitting.
We serve our clients in the following ways:
Chambers USA Leading Lawyers