Office of Redevelopment Incentives
The City of Knoxville, working in conjunction with local economic
development agencies including The Industrial Development Board
of the City of Knoxville and Knoxville's Community Development Corporation,
considers incentives for certain development projects. These incentives
can include Payment in Lieu of Taxes (PILOT), Tax Increment Financing
(TIF), and infrastructure
improvements such as street, sidewalk, and landscaping, among others.
These incentives are considered for projects determined to have
economic development benefits to areas of the city that have been
targeted, through the requisite public processes, for redevelopment
and/or for industrial development.
Those seeking such incentives are required to complete an application
and submit to the City of Knoxville, Department of Economic Development.
Department staff will review applications with the applicants, city
departments, partner agencies and related parties. Following this
review the applicant will be contacted regarding the disposition
of the application. The administration will forward any positive
recommendation to council supplemented with all background information.