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Redevelopment Roadmap Frameworks


An incentive toolkit will create a range of financial and development incentives for developers and businesses looking to contribute to the revitalization of the City Center. Te toolkit will create a transparent and equitable process for accessing the many available sources of funding for redevelopment projects.


Incentive Toolkit Action Item


Identify goals and objectives of incentives


G


Description


Identify stakeholders and funding requirements


RRDP Committee Finance


Partners


Business and property owners, City of Rockford


12 Month


36 Month


60 Month


Ongoing


Ongoing


Ongoing


Audit available funding mechanisms


Catalog and score municipal, state and federal funding programs


Finance


City of Rockford, Winnebago County


Audit


Ongoing survey for new funding tools


Ongoing survey for new funding tools


Incentive playbook


Compile funding mechanisms into user-friendly and organized format


Liaison with developers, local businesses, public officials


Proactively identify funding opportunities for specific Rockford assets and opportunities


Finance


City of Rockford, Winnebago County


Draft


Revise based on user feedback and new funding tools


Revise based on user feedback and new funding tools


Finance, Customer Experience


City of Rockford, Winnebago County, business and property owners


Ongoing


Ongoing


Ongoing


50


Redevelopment Roadmap


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