Tax Allocation Districts (TAD)
The community can create a business or community improvement district where incremental tax revenue is reinvested into infrastructure improvements.
Incentives
Communities may offer financial incentives to developers for creating space for and/or preserving local, cultural, and legacy businesses.
Lending Support
Communities can work with local lenders and financial organizations to address capitalization needs to support longer leases or property ownership. Communities can partner with these financial institutions that emphasize investment in these corridors.
Cultural & Legacy Grants
Communities may offer a cultural or legacy business grant to support the long-term stability of those businesses.