Structuring economic incentives to entice companies and other organizations to locate or expand their facilities involves a variety of unique legal needs. Businesses, municipalities and industrial development boards have chosen Bradley Arant Boult Cummings LLP to assist in these efforts because of our specific experience in this area and our strength in the areas of real estate, tax environmental and government relations. The firm recently was named to “Trade Allies: The Best Economic Development Service Providers in the South.” Southern Business & Development chose Bradley Arant Boult Cummings as one of the top three economic development law firms in Alabama and Tennessee.
Structuring economic incentives to entice companies and other organizations to locate or expand their facilities involves a variety of unique legal needs. Businesses, municipalities and industrial development boards have chosen Bradley Arant Boult Cummings LLP to assist in these efforts because of our specific experience in this area and our strength in the areas of real estate, tax environmental and government relations. The firm recently was named to “Trade Allies: The Best Economic Development Service Providers in the South.” Southern Business & Development chose Bradley Arant Boult Cummings as one of the top three economic development law firms in Alabama and Tennessee.
Bradley Arant Boult Cummings uses a cross-discipline team approach to help businesses explore and pursue opportunities for locating or expanding operations in Alabama, Tennessee and the surrounding states. The Economic Development Practice Group understands the complexities of every aspect of the business location process. It combines a thorough working knowledge of economic development incentives, land use and site selection procedures at the state and local level with strong relationships built over many years with key governmental, economic development and civic leaders.
The firm can help clients secure economic incentives for job creation and capital investment, and the firm can assist with the related federal, state and local tax matters. We frequently work with local industrial development agencies and various state agencies, including departments of economic and community development, revenue, transportation, environment and conservation in the development of effective strategies for attracting businesses. As a result, we have particular experience in structuring Payment in Lieu of Tax (PILOT) agreements, Alabama tax abatement and capital credit agreements and applications, tax increment financing arrangements, tax-sharing agreements, central business improvement districts and all of the tools that economic developers use to recruit business to their communities, or to encourage them to expand their businesses.
The firm has experience in large land assemblies for industrial parks, mega-site programs, and all aspects of permitting, entitlements, land use, and industrial development revenue and municipal financing. Working with attorneys in our real estate, public finance and tax areas, we assist at all stages of development, including site acquisition, negotiation with railroads and providers of utilities, and construction and equipment acquisition.
We represent new and expanding businesses (domestic and international), state and local government entities, economic and community development groups, chambers of commerce, industrial development boards and utility providers. Members of the Economic Development Practice Group are ready to assist businesses from across the country and around the world to identify and capitalize on the best opportunities in Alabama, Tennessee and the surrounding states.
List of Representative Clients:
Toyota Motor Engineering & Manufacturing North America, Inc.
Calsonic Kansei North America, Inc.
Hemlock Semiconductor, L.L.C.
Community Health Systems, Inc.