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Every Monday at 6:42 a.m. and 8:42 a.m., Rob Gilligan provides information on what's happening in the area of regional development in Southeast Missouri. Rob is the President and CEO of the Cape Chamber. Local support for "Let's Talk Business" is provided by Carved + Crafted Catering. (573) 651-2569

The Basics of a Community Improvement District (CID)

Cape Chamber

In the final part of this short series on incentives, let’s talk about a tool used to improve larger sections of a community.

The Community Improvement District, or CID, is a separate political subdivision with an appointed board and the power to impose sales and/or property taxes. CIDs can be formed by an ordinance within a governing body when more than 50% of the property owners sign a petition for it be created. Money collected by a CID may go toward public facilities or a variety of public services.

We have a downtown CID here in Cape. It was created in 2014 after more than 50% of the property owners in the defined region signed the petition. Mayor Rediger appointed and the City Council approved seven of the property owners to serve on the board. Our downtown CID was established to provide trash and litter pickup, streetscape maintenance, holiday decorations, additional security personnel, security camera incentive programs, marketing and special events.

This example and the others I gave the last few weeks, are just a few ways we have used incentives in our region to make improvements and spur economic development. And I can tell you, we are fortunate to have key leaders in our community, who are committed to utilizing these incentives appropriately and being good stewards of public money.

Alright, a big thanks to those of you who stayed with me for an entire series on incentives. I promise I’ll do something more fun in the weeks ahead.

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