What is Tax Increment Financing (TIF)?

Tax Increment Financing, or TIF, is a financial tool that collects new property tax increment generated by new development within a legally defined area.  The collected increment helps to pay for infrastructure improvements (streets, sewers, parking lots) in the area near a new development and for targeted property acquisition to support redevelopment purposes.  A TIF district sits within an Economic Development Area (EDA) which is a legally defined area managed by the local Redevelopment Commission.  Further information about the St. Joseph County Redevelopment Commission or the Commission’s four economic development areas can be found in this section of the website.

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1. What is the County's role in economic development?
2. How does the County interact with economic development organizations (South Bend Regional Chamber, South Bend Elkhart Regional Partnership, Indiana Economic Development Corporation)
3. How does the County interact with other local government economic development entities (City of South Bend, City of Mishawaka, Towns)
4. What is Tax Increment Financing (TIF)?
5. What is an Economic Development Area? How does this relate to TIF?
6. What is a tax abatement/tax phase in?
7. How do I apply for a tax abatement?