Title:
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A Resolution revising the County’s policy for the use of the Tax Increment Financing and other financial tools and incentives to fund economic and community development projects and initiatives in Prince George’s County.
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Title
A Resolution revising the County’s policy for the use of the Tax Increment Financing and other financial tools and incentives to fund economic and community development projects and initiatives in Prince George’s County.
Background
The County Council adopted CR-89-2006 which established a policy for the County to use specific criteria in determining the appropriateness and necessity of applying TIF and other financial incentives to help fund economic and community development projects and initiatives throughout the County. The Council revised the criteria for proposed projects and initiatives by adopting CR-98-2010. This resolution would revise the TIF policy by requiring developers receiving TIF assistance from the County to submit a certification verifying that all contractors/subcontractors performing work on TIF assisted projects participate in a bona fide apprenticeship training program.
7/19/2011: CR-38-2011 (DR-2) was amended on the floor prior to adoption; CR-38-2011 (DR-3) was adopted.