Overview
Maynard Nexsen’s Economic Development Group works on behalf of companies, both domestic and international, that are considering locating, expanding and restructuring their business operations throughout the United States. Our attorneys have helped hundreds of companies, large and small, in establishing manufacturing, tourism, distribution, healthcare, corporate office and other commercial facilities.
We have worked with companies from across the United States; from Mexico, Canada, and Brazil in the Americas; from China, India, Japan, Indonesia, and Korea in Asia; and the United Kingdom, France, Germany, Italy, Austria, Switzerland, Sweden, Turkey and Slovenia in Europe.
Our Economic Development Group provides support to the companies' project coordinators and consultants in evaluating, negotiating and documenting economic development incentives offered by state and local governments, as well as providing guidance and input on all aspects of a site selection project. The Firm also represents state and local governmental entities in economic development transactions and in development of innovative programs and legislation.
As part of our civic commitment to the growth and prosperity of our communities, Maynard Nexsen supports state, regional and local economic development organizations and also works to maintain relationships with appointed and elected officials, as those positions change over time.
Incentives
Our attorneys frequently handle incentives transactions, including:
- Fee-in-lieu-of-tax arrangements
- Special source revenue bonds/credits
- Industrial Development Revenue Bonds
- Tax-advantaged/below-market financing
- Multi-county business/industrial parks
- Jobs tax credits
- Enterprise Zone/job development credits
- Corporate headquarters and infrastructure tax credits
- Employee training programs
- Grant programs
- Design/build lease financing
- Equipment leases/synthetic leases
- Tax abatements
- Infrastructure commitments
- Income allocation and apportionment contracts
- Sales tax exemptions
- International Clients
Our attorneys understand how best to navigate the location and expansion of all types of manufacturing, aerospace, and technology companies that are eligible for substantial incentives and abatements at the state and local levels. From early-stage incentive packages to site selection and plant construction, our multidisciplinary team approach enables Maynard Nexsen to handle any size project from existing plant expansion to greenfield development.
Maynard Nexsen frequently negotiates project agreements and procures valuable incentive and financing packages from the state and local governments in which these industries locate. We also advise companies on site selection, immigration, corporate, tax, real estate, environmental permitting, utility issues, and related tax-exempt and taxable bond financings.
Navigating the incentive programs and creating a favorable environment for successful project development is what Maynard Nexsen’s Economic Development practice does for the firm’s clients. Our attorneys, governmental affairs specialists, and business consultants work seamlessly and tirelessly to advocate on behalf of clients spanning a wide range of industry sectors to secure state, regional, county, and city-level incentives. The relationships we have built with municipality leaders, government officials, industrial development boards, economic development agencies, port authorities, and utility companies, just to name a few, arm us with the knowledge, experience, contacts, and opportunity to negotiate beneficial incentive packages to suit our clients’ needs. We ensure that all possibilities are examined and benefits are maximized.
Related Capabilities
Media
Insights
Videos/Podcasts
Caitlin Walker discusses the recently approved incentives aimed at increasing affordable housing in Greenville, South Carolina, as well as the eligibility of the plan and its impact on the community.
David Spratley has worked for over 25 years in economic development in the Carolinas. He's been a part of the team that helped NC achieve its best three years for economic development ever...
Attorney Ernie Pearson discusses the keys to ensuring that clients receive the maximum amount of state and local incentives. Pearson discusses both new and existing operations and the importance of including incentives in the conversation.
George Smith discusses the economic impact the electric vehicle industry is having on North Carolina and the potential for even more growth in the near future.
Attorney Jim Warren offers steps for economic development organizations who are looking to invest in the Carolinas.
Understanding incentives is critical in order to maximize the most competitive package available for your project. Attorney George Smith discusses what businesses and professionals should know about economic development incentive grants in North Carolina.
Seasoned economic developer, Ernie Pearson shares the importance of creating local incentive structures that increase value to recruiting companies.
Attorneys Chris Kouri and Yolanda Davis discuss strategic opportunities for growth, expansion and relocation.
Podcasts
- By Jim Warren
- By Tina Emerson