1.  Tax Increment Financing

• Method of funding public improvments associated with private developments in designated "blighted or substandard" areas of a community
• Caputres the projected increase in property tax revenue which will result from the private developemtn/ maximum capture period is 14 years
• Captured funds may be used to offset a variety of development-related costs
• Community Redevelopment Authority and City Council approval required

2. City of North Platte Revolving Loan Fund

• Up to $35,000 per new job created, with a $300,000 cap
• Loan funds available for related costs
• Must provide jobs for low to middle income persons
• Can not exceed more than 50% of the total project cost
• Requires 50% local or company match
• Interest rate is one-half the lowest local rate available
• Loan committee review and City Council approval required
• Limited Funds Available

3. Industrial Development Bonds (IDB's)

• Federal/State tax execpt bonds may be utilized for land, plants, equipment, and on-site utilities
• May utilize up to $10 million in any one location, or $40 million in U.S.
• Local government or Nebraska Investment Finance Authority must issue
• Interest rates are usually more favorable than traditional sources of financing
• Other restrictions may apply