Tax Increment Financing (TIF): A Welcome Tool For Economic Development

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Tax Increment Financing, otherwise known as TIF, is a new innovative tool that was developed by the Vermont Legislature to for local officials who are seeking to address the problem of declining grant list property value.

The legislature hopes for TIF to be widely utilized across the country to attract economic development projects in areas where they otherwise would never occur.

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Programs that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of a community or neighborhood and improving the quality of life for all. Community Building; Community Capacity Building; Community Development and Improvement; Community Development Block Grants; Healthy Communities Community Economic Development Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones

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