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Tax Increment Financing

Tax Increment Financing (TIF) is an important economic development tool used by municipalities to provide public infrastructure improvements, attract private development, spur employment growth and increase the municipal tax base in defined redevelopment areas.  The City of Rockford has 30 TIF Districts throughout the city which include commercial, industrial, residential and mixed-use neighborhoods.  From small commercial strips to large tracts of land, these TIF Districts are pumping new life and new opportunities into Rockford.