In October 2022, The Bend in Chattanooga hosted a race during the Chattanooga Motorcar Festival. Recently, it received the largest tax increment financing agreement in the state, signaling a major step in its development as a new hub for housing, office space, retail, and factories.
Chattanooga is unique among major cities in Tennessee as it requires approval from both city and county legislative bodies for tax breaks granted to new and expanding industries. This rigorous process ensures that public funding is allocated responsibly and transparently, protecting the interests of all stakeholders involved in economic development efforts.
As The Bend continues to evolve into a multi-faceted destination, Chattanooga’s commitment to responsible growth and development is evident. The city’s dedication to fostering a vibrant economy while prioritizing community engagement and oversight sets it apart as a model for sustainable urban planning and project management. With upcoming events on the horizon, Chattanooga’s unique approach to economic incentives and development strategies will play a crucial role in shaping its future success.
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