State and Local Incentives

Overview

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.

Select Experience

  • Successfully negotiated the most complex community reinvestment area abatement for a sporting facility in Ohio.
  • Assisted a manufacturing client in qualifying for the Economic Development for a Growing Economy Tax Credit Program (EDGE) Illinois corporate income tax incentive by working with state and local officials to qualify for the incentive.
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Experience

  • Successfully negotiated the most complex community reinvestment area abatement for a sporting facility in Ohio.
  • Assisted a manufacturing client in qualifying for the Economic Development for a Growing Economy Tax Credit Program (EDGE) Illinois corporate income tax incentive by working with state and local officials to qualify for the incentive.
  • Assisted a company locating a major distribution center in Ohio to qualify for sales and use tax exemption including obtaining a legislative change for which the construction of the facility was delayed pending the successful legislative approval.

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