Tax Abatement and Economic Development Incentive Software

Economic Development Public Services & Administration Finance Enterprise Applications

Tax Abatement and Economic Development Incentive Software is a specialized software system designed to help local governments manage the lifecycle of economic development agreements they enter into with private companies. Such agreements like Tax abatements, Tax increment financing (TIF), Payment in lieu of taxes (PILOT), Job creating tax credits, and infrastructure reimbursements. These agreements typically offer financial incentives to companies in exchange for commitments to invest in the local economy, such as building facilities, creating jobs, or revitalizing distressed areas.