The federal New Markets Tax Credit (NMTC) program was established in 2000 by Congress to spur new or increased investments into operating businesses and real estate projects located in low-income communities. The program attracts investment in low-income communities by allowing individual and corporate investors to receive a tax credit against their federal income tax liability.
HunterMaclean attorney Harold Yellin explains how government relations lawyers can help navigate clients through complex regulatory, legislative, and public policy concerns.
This article for Business in Savannah discusses the ways in which new businesses can challenge current guidelines and how to the best ways to navigate the process.
By Andrew H. Ernst, published on September 21, 2011, in Business in Savannah.
The deepening of the Savannah Harbor, now estimated to cost $588 million, was conditionally approved in part when Congress passed the Water Resources Development Act of 1999 (WRDA99). Those conditions included finalizing an environmental impact statement for the project as well as other supporting studies and completion of the permitting process.
The act also required the selected plan for this project, which is known as the Savannah Harbor Expansion project, or SHEP, to be jointly approved by the Secretary of Interior, the Secretary of Commerce, the Administrator of the Environmental Protection Agency (EPA) and the Secretary of the Army.
By Andrew H. Ernst, published on April 2, 1992, in The Journal of Environmental Permitting 1, no. 2 (Spring 1992).
Coauthored with Richard D. Knowlton, president and chief executive officer of the Savannah Economic Development Authority (SEDA).
Originally printed in The Journal of Environmental Permitting, Vol. 1, No. 2, Spring 1992.
The Savannah Economic Development Authority(SEDA) recently received a “first of a kind” 404 permit from the U.S. Corps of Engineers for a 1,784-acre business park based on environmental factors that affect property rather than on typical land use patterns. SEDA formed a team consisting of an engineering firm, an environmental lawyer, an environmental engineer, conservation groups, including the Georgia Conservancy, and local citizens to develop the plan and consulted with the Environmental Protection Agency and the U.S. Army Corps of Engineers prior to submission of the permit to the Corps.