The City of Minden took a step forward for economic development Monday night with the passage of resolutions creating four Tax Increment Financing Districts throughout the city.
These districts will allow the city to entice new businesses and assist existing businesses in upgrades or construction projects as needed.
“This is a giant step forward for the City of Minden,” Minden Mayor Tommy Davis said. “We will be able to offer incentives within the districts to help bring in new and different businesses.”
TIF districts are an economic development strategy that utilizes sales taxes, occupancy taxes, property taxes, or a combination of anticipated tax