Doug Rasmussen previously served as a Senior Vice President, Business Development at the St. Louis Economic Development Partnership where he oversaw business retention/expansion, business development and New Market Tax Credits. He successfully implemented 97 business retention/expansion projects resulting in 59,767 jobs created and retained and $2.7B in new capital investment.
Today, Doug is a Senior Associate in the St. Louis office and part of the Specialty Tax Service line of Duff & Phelps. He has 14 years of experience in economic development and real estate development in both the private and public sectors.
Doug specializes in the structuring and negotiating of business incentives and real estate development incentives that assist businesses in lowering their operating costs. He has extensive experience with tax abatement, TIF, NMTCs, special taxing districts, and other state and local incentive programs. Doug also has extensive experience with site selection and the site selection process.
Doug also previously worked for Green Street Development Group, where he raised over $47.0M in the public sector capital in support of Green Street’s development projects and end user clients. Key subsidies obtained included, TIF, New Markets Tax Credits, Ch99 and Ch100 Tax Abatement, Community Improvement Districts, Enhanced Enterprise Zone Tax Credits, MO BUILD Tax Credits, MO Development Tax Credits, MO Workforce Grants, and municipal level forgivable loans. And while at the St. Louis Regional Chamber, as the director of business recruitment, Doug managed the recruitment and site selection of over 2.6 million square feet and $454 million in new office and industrial projects.
Doug received his B.S. from the University of Wisconsin-Madison and his M.A. from Saint Louis University. He is on the board of the Missouri Economic Development Council and is the Vice President of the Missouri Economic Development Finance Association.