Economic Development

McGinnis Lochridge has been involved in developing and growing the Texas economy from the early days of the oil and gas industry through the emergence of research and technology as new economic cornerstones.  We have been actively engaged for decades in developing Texas tax policies and incentives, public education policies and laws governing cities, knowing that these processes are crucial to the success of enterprises that produce jobs and revenue in communities throughout Texas.

Our Economic Development Practice Group represents clients on both sides of the equation, from projects, corporations and new business ventures to local governmental entities (city, county, school districts). Our economic development clients also benefit from the firm’s core competencies in governmental relations and legislative matters, corporate and business transactions, and electric energy regulatory and transactional work.

Our experience has included:

  • Advising businesses on the availability and applicability of various incentives, including the Texas Enterprise Fund, Texas Emerging Technology Fund, Texas Enterprise Zone Program, Texas Workforce Commission Skills Development Fund, Texas Capital Fund, and local property tax abatements and value limitations. We also assist with analyzing and recommending incentives in the context of overall tax strategy.
  • Representing businesses in applying for and negotiating incentives with cities, counties, school districts and the State of Texas.
  • Developing and drafting contracts that capture the terms of incentive agreements.
  • Negotiating the maximum property tax abatement and value limitation allowed by law, including negotiations for a $2 billion energy facility in Texas.
  • Negotiating retail and wholesale power agreements, cogeneration agreements and incentive agreements for clients involved in alternative and diversified energy resource industries.
  • Representing clients on environmental, regulatory and compliance requirements that affect project feasibility and costs.
  • Representing a broad range of target industries including oil and gas, alternative energy resources, electric transmission, technology, and research and development in connection with state and local economic development incentives.