Published by admin on Tue, 01/23/2018 - 6:54pm
It took the village of Coal City seven years to establish a tax increment financing (TIF) district, and its taken about an equal number of years for it to see growth.
TIF was introduced as a means for stimulating economic development within the village, a way to establish and increase employment opportunities, expand and diversify the local tax base, manage growth and increase overall value and quality of life for the community.