To encourage economic development and employment, all levels of government offer various types of incentives to locate or expand operations within their jurisdictions. Alston & Bird has created a team that is experienced in representing and advising businesses who are seeking to maximize their investment through credit and incentive packages at the state and local levels.
We provide comprehensive counseling to businesses in the economic incentives area. Our attorneys are experienced in negotiating economic incentive packages with state and local governments, and 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 the transactions in order to secure such benefits. Our state and local tax attorneys have worked with many clients to identify and secure tax credits, negotiated incentives, and tax exemptions for their projects. We have significant experience working with state and local agencies and departments involved in issuing grants, facilitating state incentives, and granting tax credits and exemptions, including departments of revenue, community affairs, and economic development, chambers of commerce, and property tax assessors. We are also familiar with the written, and sometimes unwritten, administrative policies that determine whether or not those incentives, credits, and exemptions are available.
Government & Economic Incentives
Federal, state, and local governments support qualifying projects with billions of dollars in tax credits and grants. While these incentives make many development projects financially viable, they can also make them much more complex. With experience in hundreds of these deals, we can help you shape projects that meet your business needs while adding value to the bottom line.