Economic development for local governments
Related:
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
Our industries and services
- Municipal Advisory
Municipal Advisory
Our independent municipal advisors provide objective analysis, planning and creative solutions for all types of projects. Our priority is helping you achieve your objectives and meet your obligations. 
State & Local Government
Baker Tilly’s public sector practice serves a wide variety of governmental entities on their accounting, assurance and advisory needs.- Power & Utilities
Power & Utilities
Baker Tilly’s Utilities team works with clients to confront complex challenges that collide with demands to provide quality constituent services and increase efficiency and effectiveness.