Blighted and underdeveloped properties within a city are often overlooked by developers, leaving pockets or areas within a city that, given enough time, get caught in a spiral of deterioration and diminished economic value, which negatively affect the quality of life of its citizens.

Tax Increment Financing is a tool for redevelopment that empowers a city to build and improve its community by creating new jobs, retaining existing employment, eliminating blight, and promoting strong, healthy growth.