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Economic development director outlines TIF-funded projects, small-business grants and Brownfields work
Summary
Director Tracy Desjardins reported $7.775 million in TIF revenue for the year, nearly $2 million in capital projects funded from TIFs, active revolving‑loan program activity, downtown façade and small‑business grants and Brownfields site assessment work with EPA funding.
Tracy Desjardins, Director of Economic Development, briefed the council April 7 on fiscal programs funded by Tax Increment Financing (TIF) districts, grant programs and business outreach.
Desjardins said the city collected about $7,775,000 in TIF revenues in the past year and used roughly $1,986,000 of TIF funds for capital projects. She reported 27 new business registrations, seven ribbon cuttings and active revolving‑loan program activity (23 active loans totaling more…
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