PRESS RELEASE

May 16, 2011

Attorney Griffith Presents on New Markets Tax Credits as Incentive to Redevelopment

CONCORD, NH — Dodd Griffith, a business and taxation attorney attorney with Gallagher, Callahan and Gartrell, PC, was a featured speaker presenting on the topic of “New Markets Tax Credits as an Incentive to Redevelopment” to the New Hampshire Association of Assessing Officials. Attorney Griffith discussed the complexities of the New Markets Tax Credit including the eligibility requirements and the benefits to program participants including banks, investors, developers, and communities.

Griffith has represented several participants in multi-million dollar New Markets Tax Credit transactions. Some recent examples include:

  • Purchaser of $5,520,000 Vermont Economic Development Authority Recovery Zone Facilities Bonds, and senior lender in companion $8 million New Markets Tax Credit financing transaction to finance construction of college facilities
  • Purchaser of $11,151,000 New Hampshire Business Finance Authority Recovery Zone Facilities Bonds, and senior lender in companion $11,151,000 New Markets Tax Credit financing transaction to finance construction of multi-story office building
  • A bank providing financing in $14 million New Markets Tax Credit transaction to finance the construction of extended-stay hotel.

Attorney Griffith is a business lawyer with a background in corporate, tax, securities and real estate law. He works with a broad range of business clients, including financial institutions, venture-backed companies, venture capital investors, and non-profit institutions. Griffith helps clients to organize, structure and capitalize their businesses, using a variety of financing techniques, including debt, equity, and tax-advantaged investment structures, and represents business clients, financial institutions and venture capital investors engaged in mergers, acquisitions, and financing transactions. Griffith also advises businesses and non-profits on the design, implementation and operation of executive compensation and employee benefits plans.

Gallagher, Callahan & Gartrell is a leading business and litigation law firm located in Concord, New Hampshire.


Dodd Griffith
You may contact
Dodd Griffith at 603-545-3610.

Related Download:

New Markets Tax Credits as an Incentitve to Redevelopment
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