Tax Increment Financing
Century Equities, with the help of its counsel, Thorp Reed & Armstrong, wrote the legislation in West Virginia that allows the use of Sales Tax TIF (Tax Increment Financing). Sales Tax TIF is a creative financing tool that allows the state of West Virginia to sell bonds on the capital markets that are backed by a developments future sales tax. The bond money helps pay the developer’s construction costs and helps get the project completed.
The Sales Tax TIF was the key tool used to structure the financing package to attract Cabela’s to locate in West Virginia and continues to be used at this $200 million development.
Government Financing    Public/Private Partnership
Tax Increment Financing    New Market Tax Credits    SBA Loans
