AIDA Projects provide short and long term positive gains to the community. In the short term, jobs are retained and created as a direct result of the company's investment, both directly and indirectly. An expansion by a company provides lasting employment opportunities at that business while the investment, usually in the form of new construction or equipment, provides additional construction and supply jobs.
Additionally, the community benefits from long-term new taxes that a project generates. While a tax benefit is provided as an incentive to encourage the investment, the company or developer begin to pay more taxes on the land and building than existed previously. AIDA projects never exempt any existing taxes that the taxing jurisdictions collect today. All exemptions are on the "value add" or new investment resulting from the project.
For an example of how a typical AIDA projects work, please refer to the linked CASE STUDY.
Projects Currently Under Consideration And Recently Approved AIDA Applications: