Incentives & Finance Tools
We are dedicated to our economic base and aim to improve the quality of life for all of our citizens. The City creates opportunities for businesses to succeed by offering many incentive programs to assist companies in creating new jobs and investment in the City.
The City of Belton recognizes the importance of redevelopment and encourages incentives in targeted areas, such as North Scott Ave. Applicants are qualified based on a combination of the following:
City of Belton
Economic Development Policy
PACE – Property Assessed Clean Energy
- Number of jobs created
- Types of jobs created
- Wages (family supporting)
- Amount of Capital investment
- Overall economic impact on the City
- Positive role that the business plays in helping Belton achieve its community vision and goals
- Location of the business
– is a financing tool that allows property owners to borrow money for renewable energy and energy efficiency property improvements with little or no upfront cost.
The cost of the energy saving improvement is then repaid through an assessment on the owner’s annual property tax bill. Assessments are tied by a lien to the specific property. If the property is later sold, the assessment and lien stay with the property and become the obligation of the new owner, but the cost-saving benefits of the energy improvements also transfer to the new owner.
Properly designed energy saving projects will allow property owners to save more on yearly energy costs than their property tax increase. In plain terms, PACE financing can help property owners achieve a net positive cash flow or economic benefit.
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White Goss Law Firm
Belton Economic Development Incentives
Missouri Development Finance Board
Database of State Incentives for Renewable Efficiency
United States Department of Labor