INCENTIVE DESCRIPTION

State: MO
Incentive Type: Property Tax Incentives
Incentive Title: Tax Increment Financing
Description: TAX INCREMENT FINANCING: A portion of the new state tax revenues created by a redevelopment project may be disbursed to cover the financing gap for eligible costs on the project.
Eligibility Requirements: Redevelopment project must meet each of the following criteria: (a) project area must be blighted; (b) must be located in either a state enterprise zone, federal empowerment zone, an urban core area, or a central business district; (c) the zone or blighted area must contain at least one building that is 50 years of age or older; and (d) the project area, over the past 20 years, must have experienced a generally declining population or generally declining property taxes.
Geographic Restrictions: Blighted areas
Granting Authority: Missouri Department of Economic Development


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.