Tax Abatement Program
The Fillmore County EDA adopted a tax abatement policy to be used as a tool for economic development throughout the county. Tax abatement is when a taxing board (county, city, and school) grants a taxpayer a stay of paying a tax for a short or long term, for a total or percentage of the tax. Tax Abatement Assistance will only be used when the abatement of taxes would be in the demonstrated interest of the tax-paying public.
Tax Increment Financing Programs
Tax Increment Financing (TIF) is a redevelopment tool authorized by State statute and used by cities and development authorities, such as the Fillmore County EDA, to finance certain public redevelopment costs. Projects financed with TIF must serve a public purpose such as redeveloping blighted areas, constructing low- and moderate-income housing, providing employment opportunities, and improving the tax base.
Local, regional, state and federal agencies have several different loan/grant programs to assist different types of business throughout the county. For a list of available programs please contact the economic development coordinator for Fillmore County. Or click business assistance to learn more about them.
Click the link below view and print application.
Business Subsidy Application (Applies to all Programs)