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Rockmill’s economic development team understands the importance of business expansion. Without it, towns decline. That’s why our professionals excel at bringing partnerships together that include developers, businesses, and governments to create the synergy needed, through finance, to retain and grow jobs. As facilitators of stimulus efforts, we can quickly bring guidance and clarity to your project.

Economic Development Services:

Identify funding options

We will:

  1. assist in identifying various funding options
  2. partner with legal counsel to understand limitations
  3. investigate the market’s appetite for the differing financing structures
  4. recommend the best approach to achieve the goals and objectives

Evaluate tax incentive packages

We will:

  1. evaluate tax incentive packages to optimize results for all parties
  2. provide guidance on the creation of TIFs
  3. determine the appropriate level of incentives
  4. provide revenue projections based on the incentive structure

Tax abatement analysis, review, and monitoring

We will:

  1. review existing abatement agreements to establish requirements
  2. compare actual performance of the abated party to the requirements
  3. assist the client in determining underperformance or non-compliance
  4. calculate the proper amount of compensation due under the agreement

Facilitate public/private partnerships

We will:

  1. meet with interested parties to develop their goals and objectives
  2. identify opportunities and limitations of those goals
  3. partner with legal counsel to establish a partnering plan that meets the goals
  4. provide a recommended financial plan that maximizes the use of partners

Restructuring developer agreements

We will:

  1. meet with clients to understand the desires of the community
  2. partner with legal counsel to determine options to revise the agreement
  3. develop financing options that allow the restructuring of the underlying debt
  4. recommend a final approach that meets the goals of the community

Evaluate privatization of public assets

We will:

  1. evaluate the sale/lease of assets such as delinquent taxes, utilities, roadways, etc.
  2. determine the potential market value of each
  3. identify potential purchasers
  4. structure the financial aspects of the purchase agreement
  5. review offers to determine appropriate value and terms

Determine Port Authority opportunities

We will:

  1. work with parties to determine the value of a Port financing
  2. partner with the Port to develop a structured financial package
  3. coordinate the activities of all parties to arrive at a successful closing