Economic
Development
We know that local governments rely on their corporate tax base
to build attractive communities. That’s why at Bingham McHale
we leverage our extensive experience working in and with government
entities as well as our knowledge of incentives and planning strategies
to build and grow Indiana’s communities.
With a former corporation counsel for the City of Indianapolis
and a previous Indianapolis Economic Development Commission executive
on our team, we know the unique ins-and-outs of working with planning
and redevelopment commissions. We also have a deep understanding
of local government issues and a keen ability to delicately balance
the diverse interests that exist between state, municipal and county officials.
Our experience in municipal law, land use law, enterprise zones,
Innkeeper’s taxes, funding for Brownfield remediation and
Indiana tax incentives enables us to provide you with effective
economic development solutions.
We also recognize that economic development is more than just
the confusing alphabet soup characterized by its related acronyms.
We know these are actually powerful keys to a city, town or county’s
future:
- CAGIT - County Adjusted Gross Income Tax
- COIT - County Option Income Tax
- CRED - Community Revitalization Enhancement Districts
- CTP - Certified Technology Park
- EDA - Economic Development Areas
- EDIT - Economic Development Income Tax
Our perceptive attorneys offer counsel on a wide range of economic
development strategies including:
- Annexation
- Design/build experience
- Economic development bonds
- Eminent domain
- Environmental law issues
- General obligation bonds
- Impact fees
- Industrial development bonds
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- Lease financing
- Public-private partnerships
- Real estate transactions
- Revenue bonds
- Special taxing district bonds
- Tax abatement
- Tax increment financing
- Utility issues and expansion
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We also partner with the firm’s subsidiary, Bingham
Economic Development Advisors, for site location,
negotiation and development matters. We offer a comprehensive
package for planning and building your future in Indiana.
Contact: Hans
Steck, hsteck@binghammchale.com
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