Please be aware that due to construction the Greenville Village Hall will be closed to in-person business beginning July 1, 2024.

Tax Incremental District #1

Tax Incremental District #1
Greenville created its first Tax Incremental District (TID) in January 2017.  Its creation is intended to spur economic development within the area by providing for improvements to existing and new infrastructure  Incentives are available to developers to assist with costs of public infrastructure construction. In addition, cash grants are available to businesses for locating in the TID to offset the cost of development.  Significant projects identified include construction of the extension of Design Drive including water, sanitary and stormwater improvements; improvements to Hwy 15; regional stormwater facilities; refurbishments to the Airport Area Water Tower and a new municipal well. 

Project Plan
Aerial Video Tour

Financial Incentives

APPLICATION

The following guidelines will be used to evaluate financial incentive requests.  Please contact Michael J. D. Brown to discuss the request process.

  • Developer equity % of total cost should equal or exceed Town TIF assistance as % of cost.
  • Developer should have 10% equity in the deal.
  • The Village will consider withholding a % of available increment in PAYGO structure for other projects within the TID.
  • The developer will cover administrative costs plus direct third party costs of legal/engineering/financial consultant fees incurred by the Town.
  • Financial assistance should be provided on a pay-as-you-go basis (PAYGO).
  • An assessed value or tax payment guaranty should be provided.
  • “Look Back” provision will be considered.



Maps
Design Drive Concept Plan
Site Location
Zoning
Aerial Site Location
Site Ownership
Transportation
Industrial Development
Water Infrastructure
Sanitary Infrastructure
Stormwater Infrastructure
Easements
Private Utility
Telecommunications Infrastructure
Hydrology
Topography