Economic Development
Incentives & Benefits
 
The City of Cape Girardeau understands the importance of your business investment in our community and the numerous benefits that result from it. The City wants to partner with you by offering economic development tools that fit your project and in amounts that are commensurate to your needs. The economic development tools allowed by Missouri State law and offered by the City include:

Tax Increment Financing
Tax Increment Financing (commonly referred to as "TIF") is a procedure available to cities, villages, incorporated towns or counties to encourage redevelopment of "blighted" or "conservation" areas. The TIF Act provides for the use of tax increment financing to pay all reasonable or necessary costs incurred or incidental to a redevelopment project.
  
Sales Tax Rebate/Development Agreements 67.1305 RSMO
Allows citizens to authorize through vote a supplemental sales tax dedicated to certain economic development initiatives in their home municipality.
Transportation Development Districts 238 RSMO
A Transportation Development District (TDD) may be created to fund, promote, plan, design, construct, improve, maintain and operate one or more transportation-related projects or to assist in such activity.

Community Improvement Districts 67 RSMO
A Community Improvement District (CID) may be created to finance a range of public facilities, improvements or services within a municipality. A CID is either a separate political subdivision with the power to impose a sales tax, a special assessment or a real property tax, or a nonprofit corporation with the poser to impose special assessments.

Neighborhood Improvement Districts 67.453 RSMO
A Neighborhood Improvement District (NID) may be created to finance public facilities or improvements that confer a benefit upon property within the district.

Property Tax Abatement Under Chapter 353 RSMO
Property Tax Abatement Under Chapter 100 RSMO   
Each of these programs offers benefits under certain conditions. For more information about these incentives and which incentives would be best for you, please contact the Planning Division office at 573-339-6326 for a confidential review of your proposed project.