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Economic Incentives

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To encourage economic development, most cities, counties and states offer companies various types of incentives to locate or expand their operations within the jurisdictions of such cities, counties and states. Alston & Bird has created an interdisciplinary team of attorneys, including members of our Real Estate Finance & Investment Group and our State & Local Tax Group, who are experienced in negotiating economic incentive packages with local and state governments and advising companies on how to qualify for statutory tax credits and exemptions. Examples of such incentives include the following:

Negotiated Incentives: 

  • Property Tax Reductions 
  • Utility Connection Fee Waivers/Reductions 
  • Utility Extensions to Project Site 
  • Site Acquisition/Improvement Incentives 
  • Road Construction/Improvement 
  • Tax-Exempt Bond Financing for Manufacturing Projects 
  • Transactional Tax Abatements 
  • State Grants

 

Statutory Incentives: 

  • Jobs or Hiring Tax Credit 
  • Enterprise Zone Credits 
  • Investment and Capital Credits 
  • Headquarters’ Tax Credits 
  • Jobs Training and Retraining Credits 
  • Port Credits 
  • Childcare Tax Credits 
  • Sales and Use Tax Exemptions 
  • Minority Subcontractors Tax Credits 
  • Research and Development Tax Credits 
  • “Freeport” Inventory Property Tax Exemptions 
  • Green/Renewable Energy Credits 
  • Job Assistance Programs

When needed, we also have available attorneys with top-level experience in other complimentary practice areas, including real estate, land development, environmental, government contracting, construction, employment, immigration and utilities. We have an active international practice and have attorneys that speak over 20 foreign languages, including Arabic, Spanish, German, French, Dutch, Japanese, Mandarin, Korean, Italian, Portuguese and Russian.