Tax Increment Financing
Tax Increment Financing (TIF) is a tool used by local governments to allocate changes to local taxes caused by new business development for a specific purpose. In a typical setting, the growth of property taxes associated with a new business will be applied to a purpose that has significant impact on the community. Examples of these are installation of water or sewer infrastructure, construction or expansion of roadways, or remediation of a brownfield.
Studies and Legislation
More information about TIF can be found in studies by Bartsch and Wells (2003) and Paull (2008). These studies were funded by the Northeast-Midwest Institute and enabled Indiana state legislation IC 36-7-14, which deals with TIF and its uses.
Economic Impact Calculator
The Economic Impact Calculator is a tool for estimating the economic and fiscal effects of new business development. To use the calculator, begin by selecting the company's location in the form below.