Beardstown Council discusses TIF Zone IV
Keith Moran, a consultant from Moran Economic Development, was in attendance at the Feb. 7 meeting of the Beardstown City Council to address questions regarding a new TIF (Tax Increment Financing) Zone in Beardstown.
TIF zones are, according to Moran, a tool for business recruitment and retention. The zones assist with infrastructure improvements and make the city more attractive to business owners.
Beardstown has benefited from TIF zones for many years, with the new zone being the fourth of its kind in the city.