Recently, Urbana saw a myriad of businesses open or expand, emphasizing an economic growth for the city.
Patent attorney Andrew Scheinman urged the city to establish a relationship with the University following the release of the Identification of Technology Clusters for Economic Development report, constituted by the Research Park. To encourage economic development, Urbana utilizes tax increment finance program incentives to incentivize development of certain districts.
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Federal Programs Related to - 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