Find Lawyers in Little Rock, Arkansas for Economic Development Law
Thomas P. Leggett has practiced exclusively in the area of public finance since 1976. His practice encompasses bond and other debt offerings issued by or on behalf of the various public instrumentalities in Arkansas and elsewhere. Tom specializes in the public financing of private business projects and has participated in the financing of industrial facilities throughout Arkansas and in a number of other states. His professional experience includes serving as bond counsel for industrial devel...
Economic Development Law Definition
From helping businesses and communities draft and respond to request for proposals, site selection to ground breaking and completion, economic development law encompasses incentives, public finance, site acquisition, insuring the provision of adequate utilities to sites, project construction, off-site improvements, equipment acquisition, and effective collaboration with local and state agencies.
The availability of financial incentives to help persuade decisions regarding choice of location and capital investments plays an integral part of successful economic development efforts. Each community will develop and offer a variety of financial incentives designed to support their growth objectives. These incentives can be financial or non-financial in nature and may include tax credits, infrastructure improvements, and work force training to name a few. Communities frequently incorporate performance-based measurements to ensure that their economic incentive investment results in the expected creation of new jobs and wages.
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