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Business Investment & Incentives

Overview

Corporate relocations and expansions create a lengthy list of legal, financial and regulatory issues. We know how much controlling these and other matters can impact the immediate and ongoing success of such ventures.

Tax incentives often finalize a go or no-go decision. How employment and environmental regulations are addressed during site selection can impact later expansion. Corporate finance and construction agreements often determine whether or not a major move or expansion is ever started or completed on time and within budget. Providing proven and practical counsel, we advise clients on these and other economic development decisions so management can have greater confidence in their decision-making, maintain control of projects and, ultimately, complete their developments on time and within budget.

We provide this comprehensive counsel to domestic and multinational clients, either directly or by supporting their site selection consultants. The capital investments range from the millions to hundreds-of-millions. Our clients range from automotive and chemical companies to pharmaceutical manufacturers and start-up life sciences enterprises. 

With all of our clients, we bring to bear our experience and customized service approach to help increase control and confidence in management decisions, while decreasing the time required to move from site selection to planning, building and operating. We use proprietary planning techniques and tools to define our scope of services and to identify efficiencies and potential delays as a project moves forward.

We routinely represent clients pursuing economic development projects in North Carolina, South Carolina, and Georgia with respect to the following incentives:

  • One North Carolina Fund grants
  • Job Development Investment Grant (JDIG) assistance
  • Fee-in-lieu-of-tax property tax arrangements (FILOT) and operational compliance
  • Job tax credits
  • Special source revenue bonds and credits, tax increment financing (TIF) and special assessment districts
  • Multi-county business/industrial park participation
  • Enterprise zone/job development credits
  • Corporate headquarters, R&D and infrastructure tax credits
  • Set-aside grants
  • Local tax grants and other incentives
  • Property tax abatements
  • Industrial revenue bonds
  • Tax increment financing
  • Employee training program commitments
  • Infrastructure commitments, including Community Development Block Grants
  • Income allocation and apportionment agreements
  • Annexation agreements
  • Memoranda of agreement and development agreements
  • Design/build lease financing
  • Special legislation for significant investment

Featured Experience

  • Represented ZF Group North America Operations with negotiation and documentation of state and local incentives and bond financing matters in its $350 million, 900 jobs investment in Laurens County, South Carolina
  • Represented one of the world’s most successful companies in securing legislative approval for one of the largest economic incentives package in North Carolina history, resulting in more than a $1 billion investment in a data center
  • Represented ReVenture Park in the passage of the North Carolina Cleanfields Act to encourage investment in and remediation of a Brownfields site to create a renewable energy park
  • Represented a foreign manufacturer with its $150 million capital investment in South Carolina, which involved the negotiation of a complex enhanced fee-in-lieu-of-tax arrangement, special source revenue credits, acquisition of real estate and other state and local economic development incentives
  • Represented Tognum America (formerly MTU Detroit Diesel), a global manufacturer of off-highway engines, with its $45 million capital investment in South Carolina, and $40 million expansion, which involved the negotiation of state and county economic development incentives and the acquisition of an existing manufacturing facility
  • Represented German manufacturer with its $8 Million capital investment in North Carolina which involved negotiation of state and local incentives
  • Represented a foreign automotive manufacturer with its $347 million capital investment in South Carolina, which involved the negotiation of various state and local incentives
  • Represented a foreign automotive component manufacturer with its $300 million capital investment in South Carolina, which involved the negotiation of a revitalization agreement providing the company with savings on payroll taxes as well as a fee-in-lieu-of-tax arrangement
  • Represented German manufacturer of Pharmaceutical Equipment with investment project in North Carolina
  • Represented a global aerospace parts manufacturer with its $5 million capital investment in South Carolina, which involves the negotiation of a fee-in-lieu-of-tax arrangement and designation of the project as part of a multi-county park
  • Represented company with its $500 million investment in three biomass power plants in North Carolina. Our counsel included drafting and shepherding renewable energy legislation, working with the state Utilities Commission on rulemaking, assisting the client with the negotiation of local incentives, and handling the land use and zoning matters for the sites
  • Represented Daimler Trucks of North America (formerly Freightliner) in its search to relocate a portion of its executive operations from Portland, Oregon, to the Greater Charlotte area. For the North Carolina portion of the search, Parker Poe assisted Daimler Trucks with the negotiation of state and local incentives, site evaluations and the review of land use and other real estate matters related to potential sites.

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