To increase the property tax base. To diversify the region's economic composition by encouraging unique or essential business concerns. Loans are available as incentives to assist in industrial growth within the district. The amount of the loan is based upon increased taxable valuation and jobs created by each activity. Loans are project specific, with Development and Assessment Agreements required.
Loans are available for both new and expanding commercial and industrial activities.
Loan amount is based upon the increased taxable valuation created by the improvements and is specific to the benefits created for the community. A low interest Business Development Loan program is available for business retention and business creation. Amounts are based upon needs of each project and overall benefits created for the community. South Grand TIF District City will consider funding public infrastructure improvements necessary to service new commercial and industrial construction. East Park TIF District City will consider funding public infrastructure improvements necessary for industrial growth.