diff --git a/Makefile b/Makefile
new file mode 100644
index 00000000..6ca5597e
--- /dev/null
+++ b/Makefile
@@ -0,0 +1,23 @@
+.DEFAULT_GOAL:=help
+
+.PHONY: dev_req
+dev_req: ## Installs dbt-* packages in develop mode along with only development dependencies.
+	@\
+	pip install -r dev-requirements.txt
+
+.PHONY: dev
+dev: dev_req ## Installs dbt-* packages in develop mode along with development dependencies and pre-commit.
+	@\
+	pre-commit install
+
+.PHONY: proto_types
+proto_types:  ## generates google protobuf python file from types.proto
+	protoc -I=./dbt/common/events --python_out=./dbt/common/events ./dbt/common/events/types.proto
+
+.PHONY: help
+help: ## Show this help message.
+	@echo 'usage: make [target]'
+	@echo
+	@echo 'targets:'
+	@grep -E '^[8+a-zA-Z_-]+:.*?## .*$$' $(MAKEFILE_LIST) | awk 'BEGIN {FS = ":.*?## "}; {printf "\033[36m%-30s\033[0m %s\n", $$1, $$2}'
+
diff --git a/dbt/__init__.py b/dbt/__init__.py
new file mode 100644
index 00000000..e69de29b
diff --git a/pyproject.toml b/pyproject.toml
new file mode 100644
index 00000000..818bc1e9
--- /dev/null
+++ b/pyproject.toml
@@ -0,0 +1,109 @@
+[project]
+name = "dbt-common"
+version = "0.0.1"
+description = "The shared common utilities that dbt-core and adapter implementations use"
+readme = "README.md"
+requires-python = ">=3.8"
+license = "Apache-2.0"
+keywords = []
+authors = [
+  { name = "dbt Labs", email = "info@dbtlabs.com" },
+]
+classifiers = [
+  "Development Status :: 4 - Beta",
+  "Programming Language :: Python",
+  "Programming Language :: Python :: 3.8",
+  "Programming Language :: Python :: 3.9",
+  "Programming Language :: Python :: 3.10",
+  "Programming Language :: Python :: 3.11",
+  "Programming Language :: Python :: Implementation :: CPython",
+  "Programming Language :: Python :: Implementation :: PyPy",
+]
+dependencies = [
+  "agate~=1.7.0",
+  "jsonschema~=4.0",
+  "Jinja2~=3.0",
+  "mashumaro[msgpack]~=3.9",
+  "python-dateutil~=2.0",
+  "typing-extensions~=4.4",
+]
+
+[build-system]
+requires = ["hatchling"]
+build-backend = "hatchling.build"
+
+[tool.hatch.build.targets.sdist]
+exclude = [
+  "/.github",
+  "/.changes",
+  ".changie.yaml",
+  ".gitignore",
+  ".pre-commit-config.yaml",
+  "CONTRIBUTING.md",
+  "MAKEFILE",
+  "/tests",
+]
+
+[tool.hatch.build.targets.wheel]
+packages = ["dbt"]
+
+[tool.hatch.envs.dev-env.scripts]
+all = ["pre-commit run --all-files"]
+
+[tool.hatch.envs.dev-env]
+description = "Env for running development commands like pytest / pre-commit"
+dependencies = [
+  "pytest~=7.3",
+  "pytest-xdist~=3.2",
+  "httpx~=0.24",
+  "hypothesis~=6.87",
+  "pre-commit~=3.2",
+  "isort~=5.12",
+  "black~=23.3",
+  "ruff==0.0.260",
+  "mypy~=1.3",
+  "pytest~=7.3",
+  "types-Jinja2~=2.11",
+  "types-jsonschema~=4.17",
+  "types-python-dateutil~=2.8",
+  "types-PyYAML~=6.0",
+]
+
+[tool.ruff]
+line-length = 120
+select = [
+  "E", # Pycodestyle
+  "F", # Pyflakes
+  "W", # Whitespace
+  "D", # Pydocs
+]
+ignore = [
+  # Missing docstring in public module -- often docs handled within classes
+  "D100",
+  # Missing docstring in public package -- often docs handled within files not __init__.py
+  "D104"
+]
+# Let ruff autofix these errors.
+# F401 - Unused imports.
+fixable = ["F401"]
+
+[tool.ruff.pydocstyle]
+convention = "google"
+
+[tool.mypy]
+mypy_path = "third-party-stubs/"
+namespace_packages = true
+warn_unused_configs = true
+disallow_untyped_defs = true
+warn_redundant_casts = true
+
+# Don't run the extensive mypy checks on custom stubs
+[[tool.mypy.overrides]]
+module = ["logbook.*"]
+disallow_untyped_defs = false
+
+[tool.isort]
+profile = "black"
+
+[tool.black]
+line-length = 120
\ No newline at end of file