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and industrial uses. <br /> • Identify transition areas in townships that could be serviced with municipal sewer and water <br /> to support business development. <br /> Funding Tools <br /> • Tax Increment Financing <br /> Capturing new local taxes generated by a development to pay for public improvements <br /> related to the development. <br /> • Tax Abatement <br /> Reduction or exemption from taxes granted by a government for a specified period. The <br /> taxes are levied and collected and then returned to the city. <br /> • CDBG Grants/Loans <br /> CDBG funds could be used for activities which include,but are not limited to: <br /> • acquisition of real property; <br /> • relocation and demolition; <br /> • rehabilitation of residential and non-residential structures; <br /> • construction of public facilities and improvements, such as water and sewer <br /> facilities, streets,neighborhood centers, and the conversion of school buildings for <br /> eligible purposes; <br /> • public services, within certain limits; <br /> • activities relating to energy conservation and renewable energy resources; and <br /> • provision of assistance to profit-motivated businesses to carry out economic <br /> development and job creation/retention activities. <br /> • Tax Exempt Financing <br /> Does the county issue bonds on behalf of EDA or HRA? <br /> Other <br /> • Establish an EDA <br /> Would a county Economic Development Authority add any value to what is being done by <br /> the various city EDA's - Cottage Grove, Hugo, Oakdale, Stillwater, Woodbury? <br /> • Fund county-wide economic development initiatives: <br /> ✓ Greater MSP <br /> ✓ Other initiatives <br /> 5 <br />