What is a TIF?

Tax Increment Financing (TIF) is an economic development mechanism available to local governments to finance public infrastructure improvements. A TIF works by locking in the taxable worth of real property at the value it holds at the time the authorizing legislation was approved. Payments derived from the increased assessed value of any improvement to real property beyond that amount are directed towards a separate fund to finance the construction of public infrastructure defined within the TIF legislation.

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1. Can Economic Development assist my business in finding a commercial site or building?
2. Can I operate a business from my home in Lino Lakes?
3. Does Economic Development orchestrate or publicize ribbon cuttings for new businesses?
4. Does Lino Lakes have access to any major freeways?
5. Does my business need a City license or permit?
6. How big is Lino Lakes?
7. How do I locate a site for my business in Lino Lakes?
8. Is Lino Lakes in close proximity to any major airports?
9. What is a TIF?
10. What is the function of the Economic Development in Lino Lakes?
11. What kind of companies call Lino Lakes home?
12. Where can I receive assistance with financing, writing a business plan, or finding employees?
13. Where exactly is Lino Lakes?