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 various types of incentive transactions, including:

  • Tax abatements
  • Investment credits
  • Jobs tax credits
  • Fee-in-lieu-of-tax arrangements
  • Special source revenue bonds/credits
  • Data processing center incentive programs
  • Industrial Development Revenue Bonds
  • Tax-advantaged/below-market financing
  • Multi-county business/industrial parks
  • Enterprise Zone/job development credits
  • Corporate headquarters and infrastructure tax credits
  • Employee training programs
  • Grant programs
  • Design/build lease financing
  • Equipment leases/synthetic leases
  • Infrastructure commitments
  • Income allocation and apportionment contracts
  • Sales tax exemptions

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 municipal 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.

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