Establishing an Economic Development Incentive Policy
Jurisdictions should create a policy on the appropriate parameters for use of economic development incentives.
Coordinating Economic Development and Capital Planning
Economic development strategies and capital improvement planning should be coordinated and integrated within and among governments.
Creation, Implementation, and Evaluation of Tax Increment Financing
Local governments should carefully evaluate whether TIF and TIF districts are the most appropriate and effective tool to assist the local government in its economic development plans.
Role of the Finance Officer in Economic Development
The finance officer or budget officer should lead or be a key participant in the analysis of the economic and fiscal impacts, as well as the risks and uncertainties, associated with proposed economic development plans, strategies or individual projects.