The law firm of Nichols, Jackson, Dillard, Hager & Smith, LLP provides economic development services to 4A and 4B Corporations. These services have successfully fueled the development of many community projects for new and existing entities.
Legislation in 1979 and 1991 allows cities to form economic development corporations known as 4A and 4B Corporations, which are funded through local sales and use taxes. 4A Corporations include manufacturing facilities, recycling centers, small warehouses, limited commercial business developments and transportation facilities such as airports and other ports. 4B Corporations include those in 4A as well as economic development projects that would contribute to the community’s quality of life. These projects include parks, sports facilities, entertainment facilities and affordable housing.
Our firm’s vast experience in various areas of municipal law, including city planning, provides our corporate and municipal clients with valuable legal guidance. We provide economic development services that include the following:
- Contract development and negotiations
- Advising 4A and 4B Corporations
- Negotiating economic development incentives
- Land use and zoning
