Techniques Minimize
  • Tax Increment Financing (TIF)
    Muskego has a history of using TIF districts, which are allowed to borrow against future tax revenues to spur new private development and tax generation.

  • Business Development Corporation
    The need for a quasi-public development corporation depends on how aggressively the City wants to pursue a new business park or office campus and the level of direct public marketing and management that will be required.

  • Industrial Development Revenue Bonds
    The double tax-exempt status of these bonds allows the bond issuer to offer a much lower interest rate than what is available in private capital markets. Typically, a municipality develops certain criteria to establish eligibility and allowable debt, such as number of jobs created or the amount of overall capital investment.

  • Revolving Loans
    Muskego should consider providing lower interest funding from the City to specific types of non-retail/employment-based "new economy" businesses.

  • Design Review Committee
    The development of a quality business park will require a high degree of design oversight. The committee would act in an advisory capacity to the Planning Commission and would help lessen the fears within the community regarding the design of new developments.
Economic Development Plan Minimize
Strategy Minimize
  Minimize