Tax Increment Financing Program (TIF)

The TIF program is a financing tool used to provide public assistance to economic development projects. Incremental taxes from a designated area are allocated for debt incurred by an applicant to pay for qualifying improvements made in connection with a particular project. A TIF may be used for qualified redevelopment projects, urban renewal projects and economic impact projects that demonstrate a substantial and significant public benefit by constructing public improvements and/or cause the productive reuse of under-utilized property. TIF Program policies, procedures and applications are available by contacting the McMinn County Economic Development Authority.

Category: Local Incentives

More Local Incentives

Industrial Development Bonds are tax-exempt Private Activity Bonds issued by the Industrial Development Bond Board of the County of McMinn (IDB) on behalf of manufacturing facilities to finance qualified capital projects. Tax-free bonds are available for new projects with investment up to $10 million. Investmen... Learn More
The PILOT Program offers property tax abatements for businesses. The nonprofit Industrial Development Board of the County of McMinn (IDB) manages the PILOT Program and the Economic Development Authority serves as the administrative arm. Policies, procedures and applications are available by contacting the McMinn Count... Learn More