Analyzing the Final Opportunity Zones Regulations? Lunch with Federal Agencies? A Federal Grant Writing Workshop? Modernizing the Federal Economic Development Delivery System? You don't want to miss the CDFA Federal Policy Conference. Check out the agenda and secure your spot today!

Gov. Phil Scott listed TIF districts as one of the development tools he wants to expand. TIF is a method municipalities can use to finance infrastructure improvements in a designated area. It could be roads, sewer, brownfield remediation, or other numerous types of public improvement.

The Ohio General Assembly significantly changed state law governing tax increment financing exemptions. For certain TIF projects, local communities can extend the exemptions – and, therefore, continue to redirect property tax millage to necessary public infrastructure improvements – up to 30 additional years.

Key legislation needed for the planned Major League Soccer stadium complex on the western edge of downtown advanced at the Board of Aldermen. The board gave preliminary backing to two bills authorizing tax incentives to help fund the project but aldermen must first expand the authority's territory to include the stadium site. The three sales taxes together could generate more than $21 million over 25 years.

The Roadmap to Redevelopment Report was developed through a 2-day process that included interviews with numerous stakeholders from the government, agriculture, business, and non-profit sectors. The plan provides a framework for the financing of the redevelopment for the Former Native Alaska Service Hospital.

After making history 25 years ago as the first city in Oklahoma to issue a Tax Increment Finance district, Guymon has issued its second TIF for Seaboard Corporation. The City of Guymon's City Council agreed to approve a new Seaboard Expansion Economic Development Agreement for an additional $100 million plant expansion.

The new deal would replace one that began two decades ago that brought a $5 million annual payment to CPS from the city plus a percentage of funds exempt from property taxes through incentives. The city can use tax incentives to draw development to certain areas, but those incentives also draw tax revenue away from schools, potentially hurting the district, according to CPS leaders.

The improvements are part of the Downtown Revitalization Program and is paid for with funds from the Downtown Tax Increment Finance district. The city also offers low-interest loans through the TIF to help participating property owners pay their share.

CDFA // BNY Mellon Development Finance Webcast Series: To TIF or Not to TIF, is TIF the Right Tool For Your Project?
Tuesday, March 17, 2020 - 1:00 PM Eastern

>>> VIEW THE TIF RESOURCE CENTER   

This report provides financing strategies for the redevelopment of the Former Alaska Native Service Hospital in Anchorage, AK

The City's use of tax increment financing in four TIF districts has resulted in positive benefits, including increased tax revenues, redevelopment of disused property, removal of land from a floodplain, and development of more housing. The City recently adopted new, more specific policies that could enhance the benefits the City realizes from the use of tax increment financing.

>>> EXPLORE TIF RESOURCE CENTER