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State and local governments recognize the important role targeted economic incentives play in the revitalization of urban and rural economies. Gilmore & Bell regularly serves as bond counsel and special counsel in connection with the issuance of taxable and tax-exempt debt for these projects, including formation of special taxing districts to finance infrastructure needs, the creative use of tax increment financing (TIF) to finance large and small economic development projects and the issuance of tax-exempt empowerment and enterprise zone bonds to create new commercial facilities and create jobs.