Operating a successful and profitable business in today's global economy can be challenging. Labor and other operating costs in various geographic regions, as well as outside the United States, continue to impact the cost structure for U.S. based manufacturers. As a result, tax incentives, government grants, and business credits play an increasingly important role in planning new developments and reinvestment projects. State and local governments around the world recognize this fact and have embraced the idea of offering aggressive tax credits, creative incentives, and financing programs to potential investors and businesses. Federal, state, and local grants assist existing businesses seeking to expand their operations.
At Butzel Long, our professionals help clients weave through and decipher the wide variety of government programs designed to help reduce the cost of new investment and operations. These programs often have stringent qualifications that our attorneys understand and can quickly interpret. When tax exempt or public bond financing is involved, Butzel Long's public finance attorneys are leaders in their practice providing thorough advice and guidance to clients. When infrastructure development is involved, Butzel Long's real estate attorneys are knowledgeable resources. Our team assists companies in applying for a myriad of state and federal grants.
Butzel Long maintains strong relationships with groups such as marketing and public relations firms, professional and chamber based business organizations, and local economic development organizations. Knowing who to call and being able to access and utilize these important support services on behalf of the needs of specific clients are key components of the practice group.
Butzel Long's record of success in helping clients obtain the most beneficial incentive packages for which they are qualified confirms the effectiveness of our team and our approach. Our work ranges from multi-party international manufacturing ventures to green field developments to complex urban real estate redevelopment projects. For many of these projects, their economic feasibility was dependent upon the creative and focused efforts of our team to identify and negotiate favorable incentive packages.