Tax Increment Financing (TIF) is a tool used by municipal governments to stimulate economic development in targeted geographical areas. TIF Districts offer a strategy for municipalities to “self-finance” a redevelopment project without having to raise or impose new taxes. There are currently five TIF Districts within the City of Greeley:
- 10th St. TIF District
- Western Sugar TIF District
- E 8th St. TIF District
- Greeley Mall TIF District
- Greeley Downtown Development Authority TIF District
During 2020 and into 2021, our department has been conducting outreach to businesses located within the 10th St. TIF District to promote our Façade & Building Improvement grants. These matching grants are available to businesses located within each of Greeley’s TIF districts and are to be utilized for façade and/or building improvement projects. During 2021, our office will be reaching out to businesses located within the boundaries of the Western Sugar and E. 8th St. TIF districts to promote these available grant opportunities and help interested businesses through the grant process.
Stay tuned for more information!