Economic Improvement Districts function in some ways like a revenue capturing TIF area. Unlike a TIF, it's the property owners within the EID that petition for the creation of the district.
The Indiana code related to Economic Improvement Districts may be found HERE.
EIDs are created by local property owners to specifically address the needs and interests of the tenant businesses calling their community home.
EIDs in other locales have utilized collected revenue to maintain and enhance existing commuting services, support workforce retention and attraction and develop marketing efforts promoting local jobs and how to get to them.
Additionally, the EIDs can support training of employees through partnerships established throughout the town, county and region.
Generally, as boundaries of a district are being considered, property owners are contacted to affirm their commitment to local businesses and the community's continued success.
Questions concerning EIDs may be directed to:
Kelley & Associates.
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