Row of pillars

Economic development for local governments

Related:

  1. Conference

    Virtual KSGFOA Public Finance Conference 2020

  2. Conference

    2020 CDFA Virtual National Summit

Baker Tilly helps communities evaluate and structure economic development packages to produce long-term financial gain – using tax increment financing, tax abatement and the right balance of a variety of economic development tools.

    Our solutions

    To grow their community and provide enhanced quality of life for its residents, communities often compete for the same new economic development opportunity. In an effort to make informed decisions opportunities should be strategically evaluated to determine the benefits to the local community. As an independent advisor, Baker Tilly’s only priority is doing what’s best for the local governments we serve. We provide unbiased financial data and reporting, allowing you to make educated decisions about releasing tax revenue and leveraging your investment to generate additional development. 

    Financial planning

    • Economic impact analysis
    • Developer analysis
    • Incentive structuring
    • Local incentive analysis
      Tax abatement alternatives
      Tax increment (TIF) feasibility studies
    • Federal and state credit program analysis
    • Fiscal impact analysis
    • Assistance with the creation or modification of TIF areas
    • Financial presentations to elected officials and the public

    Bond issuance and bond refunding

    • Official statements and bond sale preparations
    • Presentations to bond ratings agencies
    • Competitive bond sales and electronic bidding services
    • Negotiated bond sales and private placements
    • Bond refunding analysis
    • Coordination of bond closings
    • Assistance to the trustee bank
    • Escrow verifications
    • Parity reports

    Post issuance

    • Incentive compliance monitoring
    • Assistance with state and local financial reporting requirements
    • In-progress construction reports
    • Arbitrage rebate calculations
    • Annual continuing disclosure filings
    • Post issuance tax compliance