Economic Development, Tax Incentives and Opportunity Zones
In the May 22, 2018, episode of “Business Roundtable,” sponsored by The State Chamber of Oklahoma and Cox Communications, State Chamber president Fred Morgan sat down with McAfee & Taft attorney Cheryl Denney to discuss the federal Tax Cuts and Jobs Act of 2017, its creation of new opportunity zones, and the potential impact on economic development in Oklahoma.
During the half-hour interview, the Durant, OK, native shared the story of how she went from being a corporate lawyer in New York City to being one of the state’s leading authorities on business incentives. Denney currently serves as co-chair of the firm’s Economic Development, Tax Credits and Business Incentives Group and has developed a specialty in general economic development law, community development finance, and structuring private equity transactions to qualify for tax incentives, including New Markets Tax Credits, Opportunity Zone incentives, federal and state historic rehabilitation tax credits, and tax increment finance (TIF) districts.
Denney joined McAfee & Taft in 2003 and closed on one of the first New Markets Tax Credits deals in the country later that year. Since that time, she has represented clients in numerous high-profile economic development projects across the state, including the ASCO manufacturing facility in Stillwater, new law school building for Oklahoma City University, historic Skirvin Hilton Hotel in Oklahoma City, and historic Mayo Building in Tulsa. She also represented the Oklahoma City Thunder’s ownership team in securing incentives related to the team’s relocation from Seattle to Oklahoma City.
You can watch the episode above.