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Local Finance Initiatives

Local Finance Initiatives are success-proven incentive programs that financially assist development activities in Missouri communities.  They represent a diverse inventory of economic opportunities, each specifically designed to benefit a select customer base including local governments, not-for-profit organizations, for-profit developers, community development corporations, volunteer organizations and more.   

Community Improvement Districts provide funding for certain public improvements or services in the designated benefit area.  Funding may be through a special tax on sales, special assessment on certain real property or by fees, rents or charges generated in the District.

Local Option Economic Development Sales Tax allows citizens to authorize a supplemental sales tax dedicated exclusively for certain economic development initiatives in their home municipality.

Neighborhood Improvement Districts finance certain public facilities, improvements or redevelopment in the designated benefit area.  Funding is accomplished by issue of general obligation bonds of the governing municipality.

Property Tax Abatement is offered to private companies for certain urban redevelopment or industrial development projects by cities and counties.

Tax Increment Financing provides local tax financial assistance for the redevelopment of designated economically depressed areas. TIF allows the use of a portion of certain new local tax revenues generated for a limited number of years in the redevelopment area to help pay for the redevelopment.

Transportation Development Districts are created for the purpose of developing, improving, maintaining or operating one or more projects relative to the transportation needs of the benefit area, related to streets and highways, railroads or urban light rail, aviation, bus or other mass transit, river port, ferry or any other conveyance and related infrastructures within the broad definition of transportation.

Disclaimer: The materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use of and access to this Web site or any of the e-mail links contained within the site do not create an attorney-client relationship between DED, the State of Missouri, or any attorneys employed by them and the user or browser.


Business and Community Services
301 W. High Street, Rooms 720, 770, Jefferson City, Missouri 65102
Tel: 800-523-1434    Fax: 573-751-7384   Email: missouridevelopment@ded.mo.gov

Missouri Association of Community Action

Missouri Association of Counties

Missouri Chamber of Commerce

Missouri Community Betterment

Missouri Development Finance Board

Missouri Economic Development Council

Missouri Housing Development Commission

Missouri Main Street Connection

Missouri Municipal League

State Emergency Management Association

US Census Bureau

US Department of Agriculture

US Department of Housing and Urban Development