Germantown Seeks to Bolster Development with TIF
After months of work, Germantown has approved a policy governing the use of tax-increment financing as a tool to encourage development and provide a revenue stream for public infrastructure improvements.
Incentives Support $344M Bridgestone Plant Expansion
The Wilson Economic Development Council has recommended a $14 million incentive package to be distributed over an 11-year period for the local Bridgestone Americas plant which employs 1,750 people.
TIF Supports Renovation of Building in Downtown Bristol
A 100-year-old building has been vacant for several years, but soon it will be home to a new company and provide more than 2 dozen jobs thanks to a TIF which was approved by the city of Bristol, TN.
Downtown Dixon Parking Lot Hinges on Brownfield Designation
If the state determines the lot is a Brownfield, the city and TDEC officials will work together to find solutions for issues might exist. The city could be largely responsible for any redevelopment costs.
Tax Credits Will Support $30M Chattanooga Housing Development
The Chattanooga Housing Authority Board (CHA) approved $30 million in improvements at the Cromwell Hills Apartments.
Former Brownfield to be Converted to Public Park
The Chattanooga City Council has voted to approve $887,000 for a new park on the old Charles A. Bell School site. This was the final hurdle for the long-awaited Alton Park project which is expected to break ground in January.
Anderson County Approves First TIF for Two Industrial Sites
The community leaders of Anderson County saw the opportunity to restart industrial development in their community with a TIF. This TIF was approved to use future property tax revenue to improve infrastructure and increase development in the David Jones Industrial Park.
NMTC Coalition Urges Supporters to Sign Letter
The NMTC Coalition is sending a letter to Congress urging leadership to protect the New Market Tax Credit. Please consider signing their letter if you support this important development tool.
President-elect Promises to Keep TEBs
Tax exemptions on municipal bonds are hardly the sexiest political issue surrounding Donald Trump's transition. But the US Conference of Mayors, meeting with the president-elect at Trump Tower on Thursday, were surprised with welcome news when they pressed Trump to keep the exemptions.
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