What does the CIC plan to do with the funding?

The primary purpose for the funding is to help Munroe Falls’ economic development by creating and retaining jobs.


Commercial Properties

To realize these goals, the CIC assembles, improves, and sells commercial property to businesses that will enhance our community and provide jobs. Without that ability, important parcels could remain vacant or be developed in a manner that is below their highest and best use. 


Funding

Ultimately, any funding, when used, is expected to come back to the CIC. The funding will be “revolving.” It is an investment in Munroe Falls' economic development future. CIC is also important to help businesses obtain those forms of State economic development assistance that require community participation.

Show All Answers

1. What does the CIC plan to do with the funding?
2. What is a CIC able to do?
3. How is the CIC established?
4. How is Munroe Falls’s CIC configured?
5. Is the CIC accountable?
6. Why is the CIC being activated now?
7. Will the CIC use it’s funding for other purposes?
8. What are the benefits of a CIC?
9. Are there limitations?