The Tax Increment Financing (TIF) Program is an economic development tool administered by the Department of Planning & Community Development (DPCD) which permits the City to declare improvements to certain parcels of real property for a public purpose. This allows the City to recoup the increased taxes from the new development to finance various public improvement projects.
The TIF program is designed to encourage private investment, enhance property values, expedite construction improvements, increase employment opportunities, and spur further economic development.
Questions & Comments:
If you have any questions or comments regarding the Tax Increment Financing program, please contact the DPCD at 330-848-6729 or firstname.lastname@example.org.