Row of pillars

Economic Development for Local Governments

Successful economic development efforts require agile planning and a comprehensive approach to implement solutions that make your community a more attractive place to live, work and play.

Economic Development for Local Governments

Local government leaders face increasing challenges in building resilient communities, but with those challenges come opportunities for growth. Baker Tilly helps leaders cultivate holistic solutions for short- and long-term economic development activities, from public incentives to strategic planning.

    Our solutions

    Economic development is a team sport. It requires the engagement of multiple stakeholders to execute a successful project or develop a long-term strategic vision for growth. As an independent advisor, Baker Tilly provides unbiased and transparent guidance that community leaders can use to make informed decisions and offers the opportunity to "tell your story" to various audiences, from constituents to potential development partners.

    Analysis, strategy and planning

    • Economic development strategic plans
    • Market studies
    • Economic impact analysis
    • Industry analysis
    • Community and economic data analysis
    • Housing strategies

    Financing and implementation

    • Real estate P3 (public-private partnership) advisory
    • Alternative financing tools
    • Local incentives strategy
    • Development analysis
    • Economic development bonds
    • New Markets Tax Credit and opportunity zone strategies
    • State and federal grant strategies

    Program management

    • Tax increment financing (TIF) administration
    • TIF projections and cash flow analysis
    • Construction cost analysis
    • Property tax abatement
    • Grant administration
    • Bond post-issuance services
    • Economic development performance tracking

    Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlled subsidiary of Baker Tilly US, LLP, an accounting firm. Baker Tilly US, LLP, trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities.