Over the last year, Congress has enacted a series of laws profoundly altering the American economy and government’s role in economic activity. The federal legislation has included the Economic Stimulus Act of 2008, the Emergency Economic Stabilization Act of 2008 (creating the Troubled Asset Relief Program), and the recent American Recovery and Reinvestment Act of 2009 (the "Stimulus Bill"). According to the Obama Administration, these measures are only the beginning of further legislative initiatives designed to transform the American economy.
The State of Ohio has already embarked on a parallel path with the 2008 enactment of Am Sub. H.B. 545 designed to stimulate Ohio's economy. Further "stimulus provisions" are likely to be included in future legislation, such as Ohio's 2009-2010 budget bill.
The Benesch Economic Growth and Development Team is a multidisciplinary group of attorneys who combine their skills and experience to enable our clients to embrace the rapidly changing American economic environment. Our team includes lawyers who have experience in the development of public policy, and the legal skills necessary to guide our clients through the flurry of new federal and state economic recovery laws. The areas affected by these laws include real estate, environmental, construction, healthcare, intellectual property, public law, public finance, bankruptcy and general corporate.
Our team has the background necessary to assist our public and private sector clients in the following areas:
- Development of public economic policy
- Development of health care policy
- Traditional public finance options
- Public/private partnerships
- Traditional tax credit opportunities
- Alternative energy tax credits
- New market tax credits
- Government contracting
- The ethics of contracting with government