In order to encourage businesses to locate, startup and/or expand in Rockland the City has a number of business incentives.
Tax Increment Financing – Credit Enhancement Agreements
Tax Increment Financing (TIF) is an economic development program authorized under state law to support municipal economic development projects. The TIF program allows municipalities to provide financial assistance to local economic development projects and programs by using new property taxes that result from new commercial or residential investment associated with the corresponding increase in property value. Rockland’s TIF Policy supports investment in municipal economic development programs, infrastructure investment through the establishment of area wide TIF districts or individual project site specific TIF districts, to support either infrastructure or individual private project financing needs.
Rockland currently has two TIF districts, one in the Downtown and one in Rockland’s industrial park. Funds generated through these TIF districts are used to support City-wide economic development and infrastructure development. Please don’t hesitate to contact us to see if we can help or if you would like to ask questions regarding the TIF program.
The following are maps of the City’s TIF Districts:
The City of Rockland will actively work with eligible businesses to access grants. Some examples include the Community Development Block Grant (CDBG) Microenterprise Assistance and Economic Development Programs, US Economic Development Administration Economic Development Grants, USDA Rural Development Rural Business Development Grants, and Norther Boarder Regional Commission Grants.
Grant opportunities come and go, so we advise you to contact us to discuss your business needs and eligibility for any potential grants.
More information on some of these programs can be found here: