Development Incentives

^{Tax Increment Financing (TIF) Districts}

Over 4000 acres of the City has been set aside in eight TIF Districts. In these areas, redevelopment agreements can be established to allow developers to recoup costs.

City Revolving Loan Fund

The City has funds which are available for a low-interest loan for property acquisition and development by businesses meeting a given set of criteria.

Enterprise Zone

The City had established Enterprise Zones to encourage development within the community. Businesses can gain sales tax and real estate tax benefits. 

Redevelopment Incentive Program (RIP)

The RIP is a grant program that provides financial assistance for permanent, exterior building and site improvements for commercial and business-related properties. Permanent improvements must be fixed to the real estate and cannot restrict any future use of the building. Examples include life safety and accessibility code requirements; repair/replacement of structural walls or windows; sidewalks; building facades. Click on the links above to download materials, including a program summary and application.