We build bridges between government and the private sector. Our tax-increment financing (TIF) program is a prime example of how we can offer what’s best for everyone.
Local governments establish TIF districts to help companies pay for infrastructure installation or improvements associated with their new construction projects. This is achieved by redirecting property taxes to finance required off-site infrastructure such as:
- Roads
- Parking garages
- Water/sewer
- Telecommunications
- Other utilities
When TIFs are established and approved by local governments to encourage economic development, the company’s developers are frequently expected to front the money for infrastructure installation and improvements with the promise of eventual repayment from redirected property taxes.
We issue bonds to cover those up-front costs and accept the redirected property taxes for repayment. This can increase developers’ return on investment, increasing the likelihood of the project moving forward which brings real impact to the local community’s economy.
We save companies valuable time and money by issuing bonds to monetize their cash flow.
For more information on how our tax-increment financing program can help you and to see if you qualify for this innovative financing tool, email Jean Carter Ryan or call her at 614.225.6068.
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