Financial Policy Challenge - Economic Development

Financial Policy Examples - Economic Development

Submissions from Financial Policy Challenge

Policies submitted below were provided by governments in response to GFOA's financial policy challenge. Policy examples have not been reviewed by GFOA staff for consistency with GFOA best practices.

Economic Development Policies

GFOA Best Practices and Advisories

Taking Another Look at Tax Base Sharing

In this article from the February 2021 issue of Government Finance Review Paul Gilje explains how tax base sharing works in the Minneapolis area and highlights similar case studies from other regions.

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Issue Briefs

GFOA's Committee on Capital Planning and Economic Development developed a series of issue briefs to provide more information on economic development policies, strategies, and tools available to local governments.

Eminent Domain

Other Economic Development Financing Tools

Fee Waivers

Private Activity Bonds and Industrial Revenue Bonds

Grants for Economic Development

Revolving Load Fund

Historic Tax Credits

Special Financing Districts

Impact Fees

Tax Increment Financing

New Market Tax Credits

Tourism and Lodging Taxes

Opportunity Zones

Workforce Development

Financial Policy Challenge

GFOA's financial policy challenge is a broad effort to encourage members to adopt and share financial policies that are essential to a strong financial foundation.

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