The city has announced the awardees who will participate in a business training program along with subsidized commercial space. According to the city, the Scaling Up South Bend program provides three months of business training for the recipients through 37 Oaks University. The awardees also receive subsidized commercial space at the multi-tenant business space known as…
A proposal that will realign South Bend’s TIF districts is one step closer to final approval. The South Bend Common Council on Monday voted 8-1 in favor of the redrawn TIF districts, which consolidates some districts and expands others. Tax increment financing (TIF) is a geographic taxing area that diverts increased property tax revenue into…
Changes are coming to South Bend’s tax increment financing (TIF) districts. The districts are a special taxing area where property tax revenue growth is diverted into a separate fund specifically for supporting economic development. The city plans to realign its six current districts into three. The reorganization is precipitated by a new state law passed…
