Tax Increment Financing

For decades, economic development efforts of any substance have been at the local government level.  Whether it is expansion of local industry or attracting new, community leaders are finding creative ways to induce private investment.  The same is true with revitalizing older parts of town.  Municipalities no longer have access to State or Federal funds that they once had to help support local economic development.  Tax Increment Financing (or “TIF”) is one of the few tools available to many communities that, when properly applied, can be very effective in leveraging private capital in local economic development projects.  PGAV are the “go-to” experts for TIF in Illinois, Missouri, and in major cities outside the Midwest such as Memphis, TN, New Orleans, LA and Oklahoma City, OK.