Economic Investment Incentive Program

The City offers financial incentives based on the anticipated new revenue streams to the City’s electric, water, sewer and stormwater utility funds from new projects.

  • Incentives are based on the projected revenue stream from a project over its first 3 to 5 years of operation
  • Incentives are calculated based on the type of use proposed
    • Residential
    • Commercial/Retail/Office
    • Industrial
    • Hotel/Motel/Resort
  • Upfront incentive payments are made at four key stages of a project’s development
    • Entitlement approval
    • Submission of building permit application
    • Receipt and Issuance of building permit
    • Final Approval and Issuance of Certificate of Occupancy
  • Infrastructure incentives may be available if project funding has been approved as part of the City’s formal Capital Improvement Plan