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INCENTIVE DESCRIPTION
| State: | MN |
| Incentive Type: | Property Tax Incentives |
| Incentive Title: | Tax Increment Financing |
| Description: | TAX INCREMENT FINANCING: An economic development tool to assist businesses expand and create and retain jobs. The surplus funds generated from the development project are used to finance eligible costs of the project. In order to receive funds, the business must locate inside the designated TIF district. |
| Eligibility Requirements: | Eligible project costs include land and building acquisition, demolition, removal of hazardous substances, site preparation, installation of utilities and road improvements. The developer must provide proof of the actual costs. Local communities approve TIF agreements. |
| Geographic Restrictions: | Designated TIF areas |
| Granting Authority: | Local communities |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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