Public Finance and Economic Development

The Public Finance and Economic Development Practice Team attorneys have provided comprehensive legal services in public finance transactions for over 30 years. Our attorneys have served as bond counsel to state and local governments and authorities, and have served as counsel to conduit issuers, underwriters, borrowers, purchasers, trustees and credit providers. Our attorneys have counseled clients in connection with financings involving general obligation bonds, 501(c)(3), transportation, solid waste management, mixed use, industrial, commercial, health care and housing facilities.

Economic Development

The Public Finance and Economic Development Practice Team successfully guides U.S. and foreign businesses, developers, development authorities, and state and local governments through the processes critical to the location and development of new facilities, and the expansion of existing facilities. Our attorneys are especially adept in negotiating incentives related to facility location and expansion.

As we have represented both governmental entities and businesses, we understand how to assist each to achieve their goals.

For businesses, the Economic Development Practice Team is involved with the entire process of locating or expanding a facility, including:

  • Site selection 
  • Site due diligence and acquisition
  • Financing
  • Negotiation of incentives and grants
  • Tax planning and tax exemptions for the project and infrastructure bond financing
  • Tax incentive bond transactions
  • Environmental and other permits, including air and water permits
  • Utility and power contracts 
  • Negotiation with railroads and preparation of related agreements
  • Architectural, engineering and construction contracts
  • Entity formation, joint ventures, mergers and acquisitions
  • Immigration, labor and employment practices
  • Employee benefits

The Public Finance and Economic Development Practice Team attorneys work closely with government agencies to assist in business expansion and relocation. While working with these agencies, our team has assisted both governmental agencies and private businesses with the negotiation and documentation of economic development incentives for clients locating or expanding their business. These incentives include grants, tax credits, New Market tax credits, government road funding, low interest loans, infrastructure financing, equipment financing, federal and local government credit support, reimbursement of training costs and workforce development programs.

Public Law and Finance

The Public Finance and Economic Development Practice Team clients include state and local governments and authorities, as well as private parties doing business with or before governmental bodies. We help structure financings for major public projects, provide legal advice on financings, draft legislation, and represent clients in litigation concerning public policy matters. We counsel governments regarding governmental functions, budgeting, taxation, transactions, contracts, and employment matters.

The Public Finance and Economic Development Practice Team offers a focused public finance expertise, including tax increment financing for infrastructure, infrastructure development districts, and tax-exempt financing for privately owned so-called “exempt facilities,” as well as sophisticated financings for real estate and economic development. We represent lenders, school districts, issuers and other public sector clients. Our knowledge and experience in state and local government law gives us the insight to help companies work with public entities to achieve their goals effectively and efficiently.

Our attorneys are at the forefront of current developments in the structuring of both tax-exempt and taxable securities and have experience derived from public finance transactions, including:

  • Governmental Bonds, general obligation and other financings
  • 501(c)(3) Bonds for non-profit organizations
  • Project Financing, including stadium, housing, energy and parking
  • Exempt Facility Financing for water and waste water treatment and natural SAS distribution
  • Private Activity Bonds for manufacturing facilities

AGG lawyers routinely speak on economic development topics for the Georgia Bar Association, the University of Georgia’s Vinson Institute, GEDA, and the Atlanta Board of Commercial Realtors. They are often quoted in the Atlanta Journal Constitution and the Atlanta Business Chronicle. They have been quoted on economic development topics in the New York Times, the Wall Street Journal, Bloomberg, and the Frankfurter Allgemeine Zeitung.