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Government
Economic Development Projects
Our Indiana General Assembly has authorized local units of government to attract industry by paying for improvements and infrastructure projects. The use of economic development bonds for economic development, job creation, and retention has helped to ensure that Indiana's economy, dependent upon factories and durable goods manufacturing, will continue to grow. Each of these programs has been used to attract and retain jobs for Hoosiers, but they are also sophisticated tools and care should be exercised in using them. The public finance professionals at City Securities have extensive experience helping communities develop plans for job creation which use some or all of these tools.
Special taxes and revenue sources for economic development projects include: lodging taxes, food and beverage taxes, county adjusted gross income taxes (CAGIT), county option income taxes (COIT), local option income taxes (LOIT), economic development income tax (EDIT), tax increment finance (TIF), and sales tax increment finance.
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