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Tax Increment Financing (TIF) Districts
A Tax Increment Financing (TIF) district is an area where increased property tax revenue from new development in previously specified area is reinvested to fund improvements and support economic growth.
This additional tax revenue may used for infrastructure, public services, and other projects for the improvement and/or enhancement in that specified TIF area.
This option may be explored by a project and the appropriate jurisdictions in lieu of traditional tax abatements.
Category: Local Incentives
More Local Incentives
County Economic Development Income Tax (CEDIT) in Indiana is a tax revenue that can be used to fund local economic development projects. This money can be used for things like improving infrastructure, attracting new businesses, and creating jobs to help boost the local economy.Grow Wabash...
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The Grow Wabash County Revolving Loan Fund exists to help the local business community with planned projects and unforeseen situations. This program was seeded in the early 2000’s with funds from the USDA Rural Development and has funded numerous projects in Wabash County for almost...
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Every project is unique, the needs and goals of your business may differ greatly from those of another. Grow Wabash County is uniquely positioned to be your company's liaison through any and all of the processes that may be required throughout the process of bringing...
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A tax abatement is a reduction in taxes on new capital investments that increase property value. It applies to improvements/investment in real property and/or eligible personal property and are used as an incentive to retain and expand existing businesses, attract new business, and to catalyze...
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Grow Wabash County is acutely aware of the importance that a skilled and educated workforce is to the success of both our community and the many companies that do business here. Wabash County has become an example in the northeast Indiana region for how a...
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