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JBT - Economic Incentives

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Alston & Bird provides comprehensive counseling to manufacturers, developers and other businesses seeking federal, state and local grants, tax reductions and other economic incentives in connection with proposed relocations, expansions or other capital investments. Such economic incentives generally fall within one of two categories: negotiated (e.g., state grants, property tax reductions, utility extensions and connection fee waivers, road construction, site development and, in certain cases, tax-exempt bond financings) or statutory (e.g., jobs or hiring tax credits, capital investment tax credits, job training and retraining tax credits, sales and use tax exemptions, research and development tax credits and “freeport” inventory property tax exemptions). Our attorneys are experienced in negotiating economic incentives packages with state and local governments and have a vast array of experience, particularly in the Southeastern states. Because of this experience, we often know details about what incentives such governments have previously offered to other businesses, what incentives other competing local governments have offered and how to structure incentives transactions in order to maximize the benefits to our clients.