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Great Western Bank Announces Appointment of Director of Diversity, Equity and Inclusion
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State Legislature s Cryptocurrency Bill Designed to Regulate the New Financial Sector
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Iowa credit union s takeover of two banks riles industry
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Groene explains micro-TIF to city council
by: George Lauby - Apr. 19, 2021
Top News
The state’s new micro-TIF program gives home and business owners an incentive to fix up older buildings in town, Sen. Mike Groene told the city council at a Friday afternoon work session.
Groene said tax increment financing has been used to incentivize large projects, but it was not practical to use in older parts of town that are blighted and substandard.
“It was hard to do in older parts of town because they needed expanses of area,” he said.
To pay for legal fees and consultants, the project had to be for a larger amounts of money, he said.