OK folks, here's my problem:
Our city wants to take steps toward encouraging economic development by creating an economic development corporation, but we have serious problems with funding. Our city is to affluent to qualify for Enterprise funds or CDBG. Also, our sales taxing ability is tapped-out at 8.5 between the county sales tax, city sales tax and a special library district sales tax. Normally, an EDC is funded by a half-cent sales tax here in Texas. I've considered TIFs, but I'm not sure how flexible those are and how receptive the council would be to them (TIFs around San Antonio have had some bad publicity). I would really love some ideas for encouraging economic development with limited funding. Thanks.