GBEDC In Motion - April 2023
![GBEDC In Motion - April 2023 Main Photo](https://secure-cdn.scdn6.secure.raxcdn.com/media/userfiles/subsite_222/images/image-30.png)
18 Apr 2023
News, Newsletter Archive
Beloit’s New Tax Increment District is all set to attract new businesses and create a vibrant economy
The City of Beloit is looking to boost job creation and retention in the Gateway area by creating a Tax Increment District, which is expected to fund future development projects in the area. The goal is to create mixed-use development opportunities for commercial, residential, and manufacturing options. The Gateway area has already seen significant success in the past, thanks to a previous TID that funded the creation of the Gateway Business Park. Beloit has been working to attract new businesses and create a more diverse economy, and the TID is seen as a critical step in that effort. The proposed TID was discussed at a Joint Review Board meeting on April 5, 2023. Following the meeting, a public hearing was held at the Plan Commission meeting at 7:00 p.m. the same day. The TID is pending approval from the City Council.
To read more, please click here for the >> GBEDC In Motion - April 2023
More Topics
![Classic Cinemas reopens in Beloit - A “fun home run” for the community Photo](https://secure-cdn.scdn6.secure.raxcdn.com/media/userfiles/subsite_222/images/311155742_10160866671218643_6472830183615443757_n.jpeg)
![Spring arrives as Beloit hosts. activities Photo](https://secure-cdn.scdn6.secure.raxcdn.com/media/userfiles/subsite_222/images/news/bdn.jpg)