Incentives

All community wide financial assistance to business is based on a case by case basis.

Fairmont has been aggressive in helping to assist its business community grow. Currently, there are 21 active Tax Increment Financing (TIF) projects. These projects have ranged from large 80,000 square foot industrial expansions to downtown redevelopment to warehouse and distribution, a $1.1 million 225,000 square foot commercial and retail mall redevelopment, a 28,000 square foot professional center with out-patient surgery, and a $75 million soybean processing plant.

The City operates a $1.3 million revolving loan fund. At the present time funds are available for individual projects.

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