The lawyers in our Economic Development & Public-Private Partnerships Practice Group represent private companies as well as state and local government entities with respect to the structuring and closing of financing transactions for new economic development projects. We also assist our private clients with evaluating the incentives that are available from various government agencies, and we provide representation with respect to all aspects of real estate acquisition, development and construction in connection with our clients’ public-private partnership endeavors.
Public Finance and Incentives for Economic Development Projects
At Hand Arendall Harrison Sale, we have extensive experience in the area of public finance, and the lawyers in our Economic Development & Public-Private Partnerships Practice Group routinely work with the lawyers in our Public Finance Practice Group to help our clients navigate the unique complexities of public finance transactions. Our economic development lawyers also regularly represent private clients with respect to evaluating, comparing and pursuing opportunities such as:
- Tax abatements
- Tax credits
- Tax exceptions
- Direct payments from government agencies
- Training and other soft services
By providing assistance with these types of incentives, we have helped our clients achieve substantial savings while also securing opportunities to pursue economic development opportunities that create jobs and provide lasting infrastructure and improvements for their local communities.
When state and local government agencies want to pursue projects that they cannot afford with tax revenue alone, they rely on public-private partnerships to get the job done. Public-private partnerships are essential to the successful completion of many different types of economic development projects, and at HAHS we have been at the forefront of “P3” development in Alabama and Florida for decades.
From toll roads and bridges to courthouses and other government buildings, public-private partnerships afford the opportunity to undertake projects that are prohibitively expensive for government agencies to pursue on their own. Public-private partnerships also allow for the allocation of risk, leveraging of resources and apportionment of accountability so that all parties have a vested interest in seeing the project come together for the public good as efficiently as possible.
Speak with a Lawyer in Our Economic Development & Public-Private Partnerships Practice Group
For more information about our firm’s experience with economic development projects and public-private partnerships, please contact Economic Development & Public-Private Partnerships Practice Group Chairperson Preston Bolt or any of the other lawyers in the Practice Group.