Local Incentives may include, but not be limited to;
Waiver of Fees
A project may qualify for a waiver of building permit, plan review and planning fees in all or in part, based on specific criteria, such as; number of new jobs created, wages, capital investment and overall economic impact to the community.
Expedited Permitting Processes
A project may qualify for expedited permitting based on specific criteria, such as; number of new jobs created, wages, capital investment and overall commitment to the community.
Tax Increment Financing
Eagle has a dedicated revenue allocation area. Within this area, projects may qualify for some level of financial participation from the Eagle Urban Renewal Agency to assist with infrastructure costs. Projects must provide evidence of how the project with revitalize the urban renewal district and provide positive economic benefit to the general public.
Foreign Trade Zone
Projects may qualify for inclusion in the foreign trade zone, which eliminates, postpones or reduces paying import taxes on foreign materials.
Industrial Revenue Bonds
Eagle has an established Industrial Development Corporation. The purpose of the Corporation is to function as a public corporation pursuant to the provisions of the Act and the Ordinance, to issue tax-exempt nonrecourse Revenue Bonds to finance Industrial Development Facilities within the corporate boundaries of the City. Taxable industrial revenue bonds also are available up to and exceeding $20 million.