Economic Development

The Nichols Jackson attorneys have extensive experience in all areas of economic development. The promotion of economic development or redevelopment is paramount to the viability of a city. Regardless of size and geographical location, the proper utilization of economic development tools can stimulate growth, stabilize or increase the tax base, generate employment, and control development. The Firm is extremely knowledgeable in all aspects of tax abatement, tax increment financing, freeport exemptions, foreign trade zones, hotel occupancy taxes, Type A and Type B economic development corporations and sales taxes, economic development grants and incentives under Chapter 380 of the Local Government Code, public improvement districts, tax increment reinvestment zones, local government corporations, and municipal management districts. The Firm’s experience in the economic development area is recognized throughout the state, as evidenced by the frequency with which our attorneys are called upon to speak at meetings and seminars on the topic.

Current or recent client economic development projects include, but are not limited to, a convention center and hotel in Allen, Texas, the expansion of an existing Outlet Mall in Allen, Texas, KDC project for the State Farm Regional Headquarters located with a Tax Increment Financing District in Richardson, Texas, two Tax Increment Financing projects for Town of Prosper, including one with Blue Star Development (Dallas Cowboys) for 500 acre mixed-use retail development.

4A/4B Corporations

We recognize that the promotion of economic development or redevelopment is paramount to the prosperity of a city. Regardless of size and geographical location, the proper use of economic development tools can stimulate growth, stabilize or increase the tax base, generate employment, and control development. Our attorneys are unmatched in the area of economic development. We have assisted our clients in the most complex, as well as simple, economic development legal services. We are extremely knowledgeable in all aspects of tax abatement, tax increment financing, freeport exemptions, foreign trade zones, hotel occupancy taxes, Type A and Type B economic development corporations and sales taxes, economic development grants and incentives under Chapter 380 of the Local Government Code, public improvement districts, tax increment reinvestment zones, local government corporations, and municipal management districts. Our depth and acumen in the area of economic development is recognized statewide, as evidenced by the frequency with which our attorneys are called upon to speak at events and seminars on the topic.

Chapter 380 Agreements

We understand how important it is for your city and community to attract businesses and other commercial projects. That is why we consider it a high charge to be able to partner with your municipality to create an environment that is sustainable for growth and to implement incentives and attractability for your city. Our team of professional attorneys bring years of experience and expertise to your city and ensure that your growth is the forefront of the initiative.

Tax Abatement

Moving to a new city and a new market is a complex decision to make for business owners, and convincing those business owners to make that move to your city is even more difficult. Our team here at Nichols Jackson is prepared to help with the burden of creating incentives such as tax abatements. Whatever your needs are, NJDHS has a team of attorneys and unlimited resources that are offered to your fingertips to ensure that your city grows.

Hotel Occupancy

Making your city attractive to tourists and visitors is directly related to lodging and hotels there in your city. Here at NJDHS, we understand the importance of getting visitors to your city, but more importantly, we know how complex it can be to get the right compliances and paperwork in order for this to happen legally. Our team is well-versed in the law regarding occupancy taxes and know what it takes to make sure you’re compliant so that you can get back to doing what is most important; getting people to visit.

Public Improvement

One of the major keys to making your city and municipality succeed and innovate is what your public property and land looks and feels like. At Nichols Jackson, we help cities with the complicated processes of establishing public improvement districts to propel them to the next level.