Tax Increment Financing (TIF)
Does your project have a gap for infrastructure or other capital costs? Working with local officials, BerksIDA can guide it through the tax increment financing (TIF) process. A TIF allows you to designate some of the new taxable value of your investment towards debt service that funds the capital costs.
BerksIDA, as an Authority authorized by the Pennsylvania Commonwealth, is able to issue bonding debt on behalf of your organization or business. Eligible projects include land and building acquisition, building renovation and new construction, machinery and equipment acquisition and installation, designed infrastructure, refinancing and working capital.