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.
Navigating the complexities of economic development
Our depth of public sector knowledge and real estate industry resources gives communities that work with us advantages in realizing your goals.
Municipal and financial advisory
Our team can assist your community with evaluating its financial state of readiness to address an immediate economic development prospect, plan for future opportunities or monitor ongoing projects. Knowing the following tools are available with Baker Tilly can help translate strategic visions into immediate opportunities and long-term fiscal benefit:
- Economic development financial planning
- Private, federal and state incentive structuring and negotiation assistance
- Tax increment financing (TIF) and incentive administration services
- Project financing – debt issuance, grant pursuits and pay-as-you-go analysis
- Project financial and economic impact analyses
- Tax credit assistance
Strategic planning
Strategic economic development first focuses on generating a market understanding, then, through planning and community stakeholder input, leads to policies, strategies and projects to further influence the market. Our team works with clients countrywide to determine community needs, goals and opportunities, create positive change and advance local and regional economic recovery and growth.
