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Economic Development Organizations

Cities, states and regions increasingly utilize nonprofit organizations — in combination with fiscal strategies and incentive arrangements — to pursue their economic development objectives. Faegre Baker Daniels offers a wide range of services in connection with the formation and use of such economic development organizations, including:

  • Incorporating and obtaining tax exemptions
  • Developing strategies for the use of collaborative efforts without a separately incorporated legal entity
  • Designing structures for shared governance among multiple stakeholders
  • Creating and structuring arrangements with affiliated foundations
  • Counseling regarding the appropriate use of philanthropic funding to support economic development projects to accomplish charitable or educational objectives
  • Implementing shared services arrangements between and among multiple organizations
  • Preparing and reviewing grant agreements, consulting contracts and other contractual documents with funders or vendors
  • Evaluating strategies involving taxable subsidiaries or joint ventures with for-profit organizations

Many economic development initiatives involve the use of multi-stakeholder, public/private partnerships. Our broad and deep expertise, shaped by decades of experience, helps clients create clarity out of the complexity inherent in economic development efforts.

Contact


Joseph E. Miller, Indianapolis
+1 317 237 1415

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