Gain Share is a share of the state income tax revenue from jobs created through Strategic Investment Program (SIP) agreements.
SIP allows local governments to create taxing agreements with businesses that invest at least $100 in urban areas or $25 million in rural areas.
The State Legislature started Gain Share funding in 2007. Local governments engaged in the SIP can receive up to $16 million annually in personal income taxes from SIP-related jobs.
In 2016, the Washington County Board of Commissioners committed $2 million in Gain Share per year for 10 years for bicycle and pedestrian projects near schools. Projects are selected from those included in the School Access Improvement Study. The Gain Share funding is leveraging other funding sources as well.
Related
