Larry Kosmont speaks about emerging economic development tools post-redevelopment. The demise of redevelopment tax-increments have led investors, developers, and cities to look for new tools to assist local projects. The Legislature has discussed new tools (or modifying existing tools), but the State’s budget has restricted funding for local economic development. This program will provide an overview of the current situation, discuss new statutes, provide examples of best practices, and address topical questions for the post-redevelopment business landscape, such as:
- How are communities promoting strategic projects in this environment?
- What tools are emerging for economic development?
- What is the impact of the Legislation approved this year?