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Tax Funding Options

January 28, 2022

Category: Economic Development, Business

Tax Funding Options



With the changing landscape of economics and funding in Wyoming, communities are looking for ways to redevelop blighted areas, develop affordable housing options, and tap into unique ways to fund critical projects. Many Wyoming communities struggle with generating funds to support economic development activities. Whether its construction of infrastructure, staffing for organizational support, purchase of land, new facility construction, or renovations of existing buildings, funding is essential to successfully supporting economic development. Using tax-based funding options for redevelopment can be a winning combination for communities providing renewable funding, attracting developers, and allowing area businesses to expand and upgrade. The team at Ayres Associates and Holland & Hart know how to tap into tax financing for economic development and have been the leaders in using this valuable tool throughout Wyoming. The following list highlights several opportunities to consider, including well-known options (like the 6th Penny Tax), and some new opportunities (like Tax Increment Finance) for you to explore.