State and local incentives are available for investments by companies in new businesses and, in some circumstances, in order to preserve employment at a locality. These incentives consist of cash payments or tax credits for increasing or preserving employment, obtaining property tax abatements, examining governmental financing alternatives for investment, and specialized incentives for particular types of investments. BakerHostetler works with clients in identifying available incentives, ensuring that the incentive programs meet the needs of the company, negotiating the incentives and ensuring that the business is in compliance with the application and approval process.
When the currently available incentives do not meet the requirements of the applicant, we have drafted and lobbied legislative changes to obtain the desirable incentive. We routinely work with state and local agencies to assist clients in successfully qualifying for competitive incentive programs.