As Memphis undergoes several economic development studies and the conversation grows around how to make our city a desirable place to do business, there are many industry terms and acronyms thrown around that make these concepts less accessible to the public. We believe everyone should have a seat at the table and be able to follow along with these issues – and ultimately be able to contribute to creating innovative solutions.To start, we’re talking about incentives – the tools we have to attract companies to Memphis. Every city and state has a different incentive package to offer potential companies. Since we are in a national competition for jobs and investment, incentives are essential for us to remain competitive. We’re also listening to new ideas about incentivizing companies to invest in Memphis.

[Read more…] about TIF Districts | Economic Development Terms Explained