The Joplin, Mo., Recovery Tax Increment Financing District that covers the disaster zone and downtown could be paid off in four to five years, as much as 13 years early at its current rate of growth, the Joplin City Council was told Monday night.

The partnership was expected to get $2.25 million in state funding for Fiscal Year 2018. Instead, the money for the Missouri Partnership vanished. While $2.25 million was in the budget bill passed by the state House, the line item for "business recruitment and marketing" disappeared before reaching the Senate.

Several bills have been lined up, waiting for conference committees to work out the differences between the Missouri House and Senate. A few of these bills currently on that list arrived there after the House took pleasure in attaching amendment after amendment to the legislation, a message to the Senate.

This report covers 474 TIF projects across 114 Missouri municipalities. It includes data on new jobs, retained jobs, tax dollars captured, anticipated project costs, and total TIF-reimbursable costs. This report will help to analyze the effectiveness of TIF in the state.

The St. Louis County Port Authority has set up a $500,000 loan fund to assist businesses affected by the ongoing flooding. The fund will make interest-free loans of up to $25,000 available to help businesses in St. Louis County cover the costs of flood damage repair.

The Dollar Tree now has the means to pay for its new distribution center north of town in the form of some $110 million in bond financing from the city complemented by sales tax exemptions and property tax abatements.

This year's allocation of New Markets Tax Credits is now open for applications, and CDFA is here to help guide you through the process before the June 21st deadline. Tune into this webinar to hear a panel of expert speakers discuss the tips and tricks that they have learned through many years of working with this program.

The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

>>> SEARCH HEADLINES   

State Partner

Venue Sponsor

Premium Sponsor

Supporting Sponsor