The flexible framework embodies a targeted strategy to stimulate investment in the city's core central city area. This policy will ensure the proper and appropriate use and application of tax incentives in Columbus. The Easton TIF, also involving non-school real property tax revenues, will result in the future development of public parking garages to serve the Easton retail component. These three TIFs represent the first time the City of Columbus has used this mechanism to spur economic development. The Department of Trade and Development has undertaken a broad range of initiatives designed to spur growth opportunities will into the future.
Technical assistance is sometimes all that is needed to help projects succeed.
Such assistance can involve anything from locating sites for clients, to working with City departments to facilitate project goals and objectives. This is an example of the Department of Trade and Development's policy of keeping area residents informed of, and involved in, industrial developments. Gary Cavin, Manager, Finance Office. The Economic Development Division's Business Finance Office has been providing low interest rate, gap financing to expanding businesses for more than ten years. These loans are available to existing businesses in the Columbus area with an emphasis on those located within the central city.