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Tax increment finance: a success-driven tool for catalyzing economic development and social transformation

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  • Toby Rittner

Abstract

In the wake of an economic downturn, many cities are left with sites, projects, districts, or entire urban cores requiring redevelopment. The need for social improvements such as community centers, school rehabs, and parks has also become a critical development challenge. However, the ongoing risks of the development market require communities to be even more diligent and aware when entering into the use of public financing mechanisms such as Pay for Success (PFS) financing. One such mechanism, tax increment finance (TIF), has the potential to forge a new path for communities to fund development projects on the basis of their success.

Suggested Citation

  • Toby Rittner, 2013. "Tax increment finance: a success-driven tool for catalyzing economic development and social transformation," Community Development Innovation Review, Federal Reserve Bank of San Francisco, issue 01, pages 131-134.
    • Handle: RePEc:fip:fedfcr:00014
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    Cited by:

    1. Garsous, Grégoire & Corderi, David & Velasco, Mercedes, 2015. "Tax Incentives and Job Creation in the Tourism Industry of Brazil," IDB Publications (Working Papers) 7324, Inter-American Development Bank.
    2. Grégoire Garsous & David Corderi & Mercedes Velasco, 2015. "Tax Incentives and Job Creation in the Tourism Industry of Brazil," IDB Publications (Working Papers) 91996, Inter-American Development Bank.

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