Nexsen Pruet's economic development team is well known for its experience in assisting new and expanding businesses with capital projects in North and South Carolina.
Over the last 20+ years, 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, Mexico, Canada and Brazil in the Americas, from China, Japan, Indonesia and Korea in Asia, and from Britain, France, Germany, Italy, Austria, Switzerland, Russia and Slovenia in Europe.
We provide support to the companies' project coordinators and consultants in evaluating, negotiating and documenting economic development incentives offered by State and local governments. In addition, this team coordinates other legal support, such as business organization, real estate, lending, environmental permitting, tax, construction contracts, intellectual property, distributorship, licensing and joint venture arrangements and employment. For internationally owned companies, we offer assistance with immigration and trade.
Nexsen Pruet also represents state and local governmental entities in economic development transactions and in development of new programs and legislation. We support state, regional and local economic development organizations as part of our civic commitment to the growth and prosperity of our communities and in order to maintain relationships with appointed and elected officials as they change over time.
Following is a list of the types of incentive transactions we frequently handle:
- Fee-in-Lieu-of-Tax Arrangements
- Special Source Revenue Bonds/Credits
- Industrial Development Revenue Bonds
- Section 108 Loans
- Multi-County Business/Industrial Parks
- Jobs Tax Credits
- Enterprise Zone/Job Development Credits
- Corporate Headquarters and Infrastructure Tax Credits
- Employee Training Programs
- Various Grant Programs
- Design/Build Lease Financing/Equipment Leases/Synthetic Leases
- Tax Abatements
- Infrastructure Commitments
- Income Allocation and Apportionment Contracts
- Sales Tax Exemptions
Our economic development attorneys are also members of our Innovation team which exits to service startup companies. We understand that innovation is what sparks emerging businesses, and that entrepreneurial success is driven by vision, commitment, and a unique kind of energy. Our Innovation Team respects and reflects that spirit. Made up of attorneys whose experience touches on virtually every area vital to startup companies, it offers the breadth of skills necessary to help you overcome the challenges, minimize the risks, and maximize the opportunities of an emerging company. That makes us more than just an essential resource for any developing business. It makes us a valuable partner in your long-term success and prosperity. Click here for a link to our Innovation Team page.