Alternative Funding Opportunities

Includes a Live Event on 02/24/2021 at 1:00 PM (EST)

Join this expert panel to learn more about alternative funding opportunities that will help your destination drive economic growth. One such method is Tax Increment Financing, or “TIF,” which has traditionally been a mechanism for capturing the future tax benefits of real estate improvements to pay for the present cost of those improvements. TIFs generally are used to channel funding toward improvements in distressed or underdeveloped areas where development would not otherwise occur. However, a few destinations have been utilizing sales TIFs as a dedicated financing method to help fund tourism promotion activities designed to build awareness of the destination and elevate desire for business activity within a designated district. We will also touch on other types of districts that are trailblazing recovery in the wake of a challenged and changed tourism industry. Join us to learn more about the alternative funding opportunities that your destination can consider taking advantage of in 2021!