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Posts for Financing Economic Development

Funding Downtown Revitalization Projects With Tax Increment Financing

April 30, 2025  by  Eric Lowell
Category:  Financing Economic Development ,  Downtown Revitalization Series

Tax increment financing is a tool local governments can use to fund the development of public infrastructure in targeted areas. This activity can then encourage private development and investment, making TIF a good source of funding for downtown revitalization efforts. 

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a broken storefront window

Overcoming Roadblocks: How Federal Funds Can Support Local Business

September 16, 2024  by  Harry Boesche
Category:  Financing Economic Development ,  Gift of Public Funds ,  Federal Funding

Businesses that experience interruptions due to public street projects can impact a whole community. Local governments may want to help, but they also must follow the statewide gift of public funds prohibition. Use of federal grants funds may help accomplish both objectives.

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Three people work on an architectural model of a small city

Financing Tools for Downtown Revitalization

December 20, 2023  by  Eric Lowell
Category:  Financing Economic Development ,  Sales and Use Taxes ,  Downtown Revitalization Series

Whether it's tax-increment financing, a sales tax credit, participation in the statewide Main Street Program, incentives like the multi-family tax exemption, or state-based grants, cities have several fiscal mechanisms for encouraging downtown development. 

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Tax Increment Financing Now Available to Some Washington Local Governments

September 16, 2021  by  Eric Lowell
Category:  Financing Economic Development ,  Public Works Finance ,  New Legislation and Regulations

In an effort to help local governments spur economic development in stagnant communities, the legislature passed HB 1189 early this year, which authorizes the use of tax increment financing for cities, towns, counties, and port districts.

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DO NOT DELETE - BLOG POST TEMPLATE

November 19, 2000  by  Global Administrator
Category:  Financing Economic Development

Edit this page to add, remove, or update the widgets that appear in blog posts. Any changes you make in this post will apply to all blog posts. Edit the BLOG MONTH TEMPLATE to apply updates to the blog months page widgets.

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