Doug Rasmussen is a director in the St. Louis office and part of the Specialty Tax Service line. He has 15 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, including a recent engagement where he relocated the corporate headquarters of an international not-for-profit corporation to Indianapolis.
Prior to joining Duff & Phelps, Doug was a Senior Vice President, Business Development at St. Louis Economic Development Partnership where he oversaw business retention/expansion, business development and the Heartland Regional Investment Fund CDE (A successful 2 time recipient of Federal New Markets Tax Credits, in 2010 and 2013). He successfully implemented 97 business retention/expansion projects resulting in 59,767 jobs created and retained and $2.7B in new capital investment. At Green Street Development Group, Doug 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. 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 a member of the Society of Industrial and Office Realtors and has previously served on the boards of the Missouri Economic Development Finance Association, Missouri Economic Development Council, and St. Louis County Workforce Investment Board.