Downtown Clinton businesses have an opportunity to tap into tax funds they have been paying into and at the same time, increase the visual appeal of their storefront.
The downtown TIF fund for the downtown area of Clinton is set to expire in 2012, and Clinton Mayor Carolyn Peters is encouraging businesses to take advantage of the facade grant before it expires.
[audio:tif1.mp3]A Word From The Mayor[/audio]
Several businesses have already taken advantage of the grant to improve their businesses. Mayor Peters feels like the difference is certainly noticeable for the businesses that have taken advantage of the grant.
[audio:tif2.mp3]A Word From The Mayor[/audio]
Administrator for the City of Clinton Tim Followell says when a businesses comes up with a project they would like to pursue, the facade grant will pay for half of the lowest bid. He says the business is able to hire anyone they would like, but they must get 2 bids, and the facade grant pays for half of the lowest bid.
[audio:tif3.mp3]A Word From Followell[/audio]
The TIF fund expires at the end of 2012 and Followell says now is the time for downtown businesses to find a project and get estimates on it so they can take advantage of the facade grant and reinvest some of the tax dollars they are paying into. The best way to find out if a business is eligible for the facade grant is to look on the tax bill.