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Q&A: Chris Chung, CEO, North Carolina Economic Development Partnership
Strategies for Successfully Obtaining New Market Tax Credit FinancingBy: Kelly B. Bissinger and Joseph B. Mann This article is the first of a series intended to provide developers with an overview of the life cycle of New Markets Tax Credit (NMTC) transactions. In this series, we will examine (i) strategies for obtaining NMTC financing; (ii) the NMTC financing closing process; (iii) compliance and reporting issues during the NMTC compliance period; and (iv) issues relating to the wind-up of a NMTC financing transaction. This article focuses on strategies for successfully obtaining NMTC financing. In light of the unprecedented extension of the NMTC program through 2019, with $3.5 billion in allocation authority for each of 2017, 2018, and 2019, it is a good time to consider whether NMTC financing could benefit your real estate development project or operating business. Click here to learn more. Vorys Hosts 2018 Economic Development Incentives ConferenceVorys third annual Economic Development Incentives Conference – hosted in February – welcomed more than 160 guests from several states across the country. Scott Ziance, head of the Vorys economic development incentives practice, opened the conference by welcoming guests and highlighting some of the featured events – which included a variety of presentations touching on key issues impacting economic development incentives. Click here to read more. |
ContactsWilliam D.G. Baldwin  Karen H. Bauernschmidt Aaron S. Berke Kelly B. Bissinger Christopher J. Clements Bryan H. Falk Nicholas R. House 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 |
Chris Chung is the next participant in our Q&A series with prominent economic developers across the country. Chris is a native of Columbus and a graduate of The Ohio State University. For the past four years, Chris has served as CEO of North Carolina’s Economic Development Partnership (EDPNC), which serves as, among other things, the recruiting arm for the state. We asked Chris to answer questions regarding the development of the organization, how North Carolina has responded to certain challenges in the economic development industry, and some steps the state has taken to land projects in a competitive market. Click
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. |