Overton IDA Considering TIF Policy To Attract Businesses
The Overton County Industrial Development Authority wants to adopt new recruitment incentives to attract more businesses to the county. Authority Representative Shannon Cantrell said when a developer buys a property, its current tax value is set as a baseline. The employer could apply for a Tax Increment Financing incentive by submitting an economic impact plan […]
Overton Apartment Complex Moving Forward Pending Final Signatures
A 64-unit income based apartment complex in Overton County moving forward. The Overton County Industrial Development Authority approved an in lieu of taxes for the development Thursday. Chair Greg McDonald said construction can move forward once attorneys and the developer sign the contract. “We’ve had a great need for quite some time for housing and […]
