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American Rescue Plan FundsOn March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (H.R. 1319) (ARP) into law. The $1.9 trillion package is intended to combat the COVID-19 pandemic, including the public health and economic impacts. As a part of the ARP, the government has allocated $350 billion for “Coronavirus State and Local Fiscal Recovery Funds.” Click here to learn more. How PE Firms’ Portfolio Companies Can Use Economic Development Incentives to Help Grow the Bottom LinePrivate equity firms acquire portfolio companies to increase the acquired company’s value and earn a return on the investment through a sale. Private equity firms’ portfolio companies are often engaged in activity that qualifies the operating business for economic development incentives, and using economic development incentives advances those goals. Opportunities to utilize incentives arise in both the acquisition and disposition of businesses, as well as during efforts to optimize operations. Click here to learn more. Lessons from EDI LitigationWhen parties enter into an agreement for an economic development incentive, it’s almost always with a sense of optimism. For the political subdivision or economic development organization, it typically means winning a new project with the promise of good paying jobs and new investment. For the company developing the project, it frequently means the award of key economic development incentives to make the project successful. Click here to learn more. |
ContactsWilliam D.G. Baldwin  Aaron S. Berke Kelly B. Bissinger Sean P. Byrne Bryan H. Falk Kimberly Weber Herlihy Nicholas R. House Barbara J. Jordan Christopher J. Knezevic Joseph B. Mann Jacinto A. Núñez J. Theodore Smith Lindsay Doss Spillman Jonathan K. Stock Jill S. Tangeman Kristin L. Woeste Scott J. Ziance |
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This newsletter is for general information purposes and should not be regarded as legal advice. As always, please let us know if you want more information or have questions about how these developments apply to your situation. |