ALLOUEZ, WI (WTAQ) - The Village of Allouez is announcing its first ever tax increment financing district that is aimed at keeping and bringing in more small businesses.
Village officials are focused on redevelopment along Riverside Drive and the commercial corridor along North Webster.
Village Board President Steven Vanden Avond says the village is landlocked and they have always been a place for mom and pop stores and small business. A “TIF” district allows municipalities to use the projected increase in the tax base in a redevelopment area to fund development through loans, or maybe infrastructure improvements.
The Allouez TIF district is for 27-years.