Hoping to boost Minden’s economy, the Minden City Council approved increasing tax in the newly created Tax Increment Financing Districts.
The four TIF Districts will have sales and occupancy taxes of an additional 2 percent levied, bringing sales tax at those businesses to 12.5 percent.
Funds generated by the taxes will stay in the district it was collected and used to fund projects and fund incentives to help lure business.
“This will help attract new investors from outside our area, as well as offer incentives to property owners and existing businesses,” Economic Developer James Graham said. “Not only are we nearly the only