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LeClairRyan Launches Economic Development Team To Assist New and Growing Companies


--Multidisciplinary network can help organizations secure funds, and navigate tax and other issues

Continued consumer confidence and new, business-friendly tax laws have helped encourage entrepreneurs to launch new companies, while existing businesses continue to commit to expansion strategies. To assist them in securing economic incentives and other funding, and to navigate through the morass of tax laws and other regulations, national law firm LeClairRyan has launched an Economic Development Practice Team. LeClairRyan’s “one-stop shop” with streamlined services is designed to effectively and efficiently assist clients in achieving success with their new and existing businesses as they develop and grow in the U.S market.

“Our team takes an integrated, multi-disciplinary approach to deliver timely, comprehensive advice on such vital matters as strategic planning, business entity formation, corporate services, tax, financial services, real estate, and land use,” explains Frank Cerza, the New York-based partner who leads the new team. “Our team also includes professionals who focus on a wide range of subjects so as to effectively address additional issues involving environmental, construction, immigration, labor and employment, intellectual property and technology, government and regulatory, litigation, and other legal matters.”

A business resource like the firm’s Economic Development Team is particularly necessary now, notes Cerza. “Although entrepreneurs and existing business owners are encouraged by the performance of the economy and new lower tax rates, they’re also facing a host of challenges from a thicket of confusing workplace, tax, immigration and other regulations that can potentially hamper their ability to accelerate their growth,” he says. “Additionally, as we saw in the spirited bidding to host Amazon’s new headquarters, an increasing number of municipalities and states are open to offering economic and other incentive packages to attract businesses.”

Many businesses prefer to focus on their core operations, and to let dedicated legal, tax, and other professionals address regulatory and other matters. “As large, smaller and start-up businesses consider these and other issues, the LeClairRyan Economic Development Team has the ability to build a team of professionals that is custom fit for their needs,” Cerza concludes.

More information is available here.

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