Anticipating the rollout of the nearly $800 billion Stimulus Package making its way through Congress, several practices at Foley Hoag LLP have formed an interdisciplinary team to assist clients seeking advice on securing funding for capital projects and growth initiatives. Those practices include Energy Technology & Renewables, Environment, Government Strategies, Infrastructure & Privatization and Life Sciences practices.
Massachusetts Governor Deval Patrick has traveled to Washington recently, lobbying for federal funding for areas such as transportation and infrastructure, life sciences initiatives and clean technology/environmental initiatives. All areas are expected to be active in 2009 and will provide much of the region’s growth and activity.
“We have several longstanding practices at Foley Hoag well-schooled in working with the Commonwealth of Massachusetts and the federal government. Our group has a sophisticated understanding of the steps involved in permitting, procurement and project delivery. We recognize this is an extraordinary opportunity to help advance the interests of our clients,” said Doug McGarrah, partner at Foley Hoag and chair of the firm’s Infrastructure & Privatization practice.
Foley Hoag’s Environment, Infrastructure & Privatization and Life Sciences practices all see increased activity as a result of the stimulus package, with clients who are poised with “shovel-ready” projects. Like many organizations operating in the cleantech space, the Energy Technology & Renewables practice, in particular, experienced a busy fourth quarter of 2008, unaffected by the slowdown occurring in other sectors, and clients engaged in projects and financing deals continued at a fast pace. Other projects, involving major transportation investment, are seeing an acceleration of the design, engineering, and permitting work.
“Whether we speak in terms of our state?s transportation infrastructure and municipal facilities being ripe for improvement or in terms of young companies needing the right incentives to offset risk and forge ahead, many businesses and municipalities in our state will benefit from an infusion of federal funds,” continued Doug McGarrah. “We are launching this integrated team with an eye toward helping clients react swiftly to, and capitalize on, this fast-moving Stimulus Package.”
The Energy Technology and Renewables practice meets the needs of companies, investors and lenders in every stage from development to manufacturing, commercialization, and marketing of advanced or renewable energy technologies with a particular emphasis on solar and wind technology. The practice also serves many companies engaged in developing projects using these resources. As members of the Policy Committee of the New England Clean Energy Council, lawyers in this practice group have been closely tracking the significant tax and funding programs likely to be included in the final version of the Stimulus Package.
Foley Hoag’s Environment practice has been New England’s preeminent environmental practice for the past twenty years. Lawyers have the depth and capacity to handle the wide array of environmental issues that can arise in the course business from the permitting of new projects, cost-effective cleanup of urban brownfields properties, due diligence in the support of acquisitions, defense and prosecution of environmental litigation and many other issues including compliance and corporate social responsibility. This area presents many targets of opportunity for new investment.
The firm’s Government Strategies practice is active on both the state and federal levels. Lawyers in the practice, located in Boston and Washington, work with clients in regulated industries to achieve their objectives on public policy issues. Foley Hoag’s Government Strategies lawyers have worked in senior-level positions within presidential administrations, on Capitol Hill, in state government, in regulatory agencies, and in industry trade associations.
Foley Hoag’s Infrastructure & Privatization practice provides public and private sector clients with a wide range of services beginning with a deep understanding of the often-complicated processes behind these types of transactions and a knowledge of key figures involved. The group assists with a wide variety of services, including legislative authorization, project development and finance, environmental permitting, procurement, project delivery and litigation support. Additionally, the group provides counsel on land assembly, urban renewal and on transit-oriented development projects.
The firm’s Life Sciences practice provides a full range of services to companies developing and introducing new biotechnologies, pharmaceuticals or medical devices including Patent Litigation, Prosecution and Strategy; Corporate Finance and Securities; Mergers, Acquisitions and Strategic Alliances; FDA and Reimbursement; Government Strategies; Venture Capital and Emerging Companies, and Product Liability and Complex Tort. The firm has assisted industries with compliance with new Massachusetts state regulations on gifts and other requirements.
About Foley Hoag LLP
Foley Hoag LLP is a leading national law firm in the areas of dispute resolution, intellectual property, and corporate transactions for emerging, middle-market, and large-cap companies. With a deep understanding of clients’ strategic priorities, operational imperatives, and marketplace realities, the firm helps companies in the biopharma, high technology, energy technology, financial services and manufacturing sectors gain competitive advantage. 225 lawyers located in Boston, Washington, and the Emerging Enterprise Center in Waltham, Massachusetts join with a network of Lex Mundi law firms to provide global support for clients’ largest challenges and opportunities. For more information visit www.foleyhoag.com.