Economic development ensures the financial health, stability, and sustainability of communities.  When commercial enterprise shares the tax burden, the burden on families is eased.  The proper utilization of economic development tools can stimulate growth, stabilize or increase the tax base, generate employment, and control development.

 

But simply wishing or waiting does not attract commercial enterprise.  There are numerous tools that can be used by cities that range from the simple to the complex, many of which require specialized expertise and skill.  

 

The firm is proficient in the resources used to undertake high profile projects that include public improvement districts, tax abatements, tax increment financing, and reinvestment zones, freeport exemptions, foreign trade zones, hotel occupancy taxes, type A and type B economic development corporations, chapter 380 economic development grants and incentives, local government corporations, and municipal management districts.

 

Nichols, Jackson has been integrally involved in a number of high-profile development projects as well as countless incentive packages that have resulted in a broader tax base and improved revenues.  Some of these projects are:

• 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 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;
• Sapphire Bay – Bayside Project in Rowlett, Texas, a $1 billion development project which is slated to include residential, retail, hotel, and resort development at the former Elgin Robertson Park area.

 

The firm’s economic development clientele includes: 

• Allen Economic Development Corp.
• Bartonville Economic Development Corp.
• DeSoto Economic Development Corp.
• Duncanville Economic Development Corp.
• Ennis Economic Development Corp.
• Farmers Branch Local Government Corp.
• Georgetown Economic Development Corp.
• Highland Village Community Development Corp.
• Hutchins Economic Development Corp.
• Lake Dallas Community Development Corp.
• Lancaster Economic Development Corp.
• Pilot Point Economic Development Corp.
• Prosper Economic Development Corp.
• Richardson Improvement Corp.