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The Downtown Business Association of Bismarck supports the Bismarck City Commission’s use of Tax Increment Financing. In recent weeks, TIF Funding has come under scrutiny. TIF is the main funding source for CORE Incentive Programs in Bismarck. These programs provide matching funds for downtown businesses and property owners to improve buildings. They are used as incentives to bring and retain businesses to the downtown area and revitalize the city center for the whole community to enjoy. The TIF Fund is collected from downtown property owners to be invested back into the downtown area. Many of the new and expanding establishments in the downtown district have used CORE Incentive Programs. In conjunction with the Renaissance Zone Program, CORE Incentive Programs have created hundreds of jobs and has seen millions of private dollars invested in our community. This is an incentive program that allows revitalization and renewal of downtown Bismarck properties for use. The city center houses Bismarck’s history, identity, and is a section of town that all residents can enjoy. The Downtown Business Association is asking residents to support revitalization of Bismarck’s historic city center by supporting the TIF Program. FMI: Dawn Kopp, Executive Director Downtown Business Association getit@downtownbismarck.com 701-223-1958
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