Let's Talk Business

Every Monday at 6:31 a.m. and 8:31 a.m., John Mehner provides information on what's happening in the area of regional development in Southeast Missouri. John is the President and CEO of the Cape Chamber.

Local support for Let's Talk Business comes from Banterra Bank, a locally-owned bank located at 1650 North Kingshighway in Cape Girardeau. Details at Banterra.com. Member FDIC

Ways to Connect

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.

Cape Chamber

Last week we talked about TIF (Tax Increment Financing). This week, let’s talk about something that helps provide critical infrastructure to key projects. 

Cape Chamber

Incentive programs are major tools used by communities to spur economic development, but they are often misunderstood. 

This will be a short series on economic development incentives. In each episode, I’ll discuss how a specific program works with a local example. Let’s start with Tax Increment Financing, or TIF.

At its core, TIF is simply a municipality diverting future property tax revenue increases in a defined area toward improvements for a period of time. So let’s look at what that means using the Marquette project in downtown Cape.

Cape Chamber

Missouri Department of Economic Development Acting Director, Rob Dixon, spoke at the Cape Chamber's First Friday Coffee on Friday, October 6, 2017.

Acting Director Dixon shared several key things the Department has planned, perhaps the most important being geared toward existing businesses.

Shad Burner

Retail is a vital industry to the local economy and the tax revenue derived is a critical part of the budget for all local municipalities. So, let’s talk about a quick retail story happening now.

The cities of Cape and Jackson recently came together to hire a retail consultant. The reports are in and we are moving on to the next phase. Today, I want to share a few items from the Cape Girardeau report.