New TIF Incentive

The City of Grinnell City Council has set as a priority the build out of the developed land at the intersection of Interstate 80 and Iowa Highway 146 Corridor. To further promote development in this area and help attract business development, the City Council intends to consider offering up to ten-year 100% rebates of eligible tax increment financing to businesses locating in this area, subject to terms and conditions of development agreements negotiated and approved for the respective project.

We believe business development on any of these parcels benefits all the remaining parcels. This policy document is only expressing the City’s willingness to consider the higher incentive level. Each proposed project will be evaluated based on economic impact, ability of existing infrastructure to serve the business, appropriateness of the business, compliance with all regulations and laws, total project cost, and other criteria at the sole discretion of the Grinnell City Council.

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