Economic Development Programs

Tax Increment Financing

Tax Increment Financing (TIF) is primarily designed to finance the public costs associated with a private development project. Property tax increases resulting from a new development are targeted to repay the public investment required by a project. TIF projects may be commercial, residential, industrial, or mixed-use. Generally, TIF funds can be used for land acquisition, public improvements and amenities, infrastructure, and utilities.

Facade Improvement Program

The purpose of the Facade Grant Program is to restore, improve or create historic architectural features to facades of commercial buildings anywhere within the downtown Central Business District. Applicants may be awarded up to $50,000 for facade improvement.