Tax Increment Financing (TIF)
The RRA is leading the City of Rutland efforts to create a TIF District. See materials from the Community and Economic Development Committee meeting on September 25th:
Placemaking Plan
City Housing Development Advances
The RRA is providing grant administration for the City of Rutland’s $650,000 VCDP Implementation Grant for the development of new housing units at 120 Maple St.
City Incentives & Resources
Check out the latest incentive programs and funding resources for development projects.
Creek Path Ribbon Cutting!
October 18th
Click each photo for more info.
About The RRA
The Rutland Redevelopment Authority (RRA) was formed in 1989 and serves as Rutland City’s economic development entity. It was established to reduce the property tax burden, redevelop dilapidated and blighted structures, revitalize the commercial and industrial sectors of the economy, and promote economic opportunity.
Through a five-year contract with the City of Rutland, RRA duties include grant writing and administration; housing, economic and community development; Downtown and Neighborhood Development Area Designations; and land use planning. The RRA works closely with the Downtown Rutland Partnership, which is funded through the Special Benefits District assessment.
BUSINESS INCENTIVE
ASSISTANCE PROGRAM (BIAP)
BIAP is designed to encourage industrial and commercial growth, inspire a strong sense of economy and provide employment opportunities in Rutland City.