*This board dis­solved on March 30^th, 2026. Attached at the bot­tom of this page is a Res­o­lu­tion of the dissolution. 

What does CReED mean?

A two-pronged eco­nom­ic devel­op­ment tool used:

• To give com­mu­ni­ties hit hard by job loss an oppor­tu­ni­ty to lure com­pa­nies to the neg­a­tive­ly affect­ed area by giv­ing com­pa­nies tax cred­its against their state taxes 
• To pro­vide a mech­a­nism by which dol­lars in future state tax­es gen­er­at­ed by new indus­try in the dis­trict can be cap­tured and used to improve infra­struc­ture in and around the district