In a recent City Council meeting held on May 25, 2025, the New Franklin Council made significant strides in economic development, particularly focusing on the Water 9 area at Turkey Foot Lake. The council unanimously passed Resolution 25R36, which is a crucial step in adopting an economic development plan for the region. This resolution aims to enhance the community's growth and development, reflecting the council's commitment to fostering local economic opportunities.

The council also discussed the creation of a Tax Increment Financing (TIF) Incentive District for the Water 9 area. This initiative is designed to stimulate investment in the district by allowing future tax revenues generated from new developments to be reinvested back into the area. The TIF district is expected to attract businesses and improve infrastructure, ultimately benefiting residents through job creation and enhanced services.

During the meeting, time was requested and granted for further discussion on these initiatives, indicating the council's thorough approach to planning and community engagement. The emphasis on economic development in this meeting highlights the council's proactive stance in addressing community needs and fostering a vibrant local economy.

As these plans move forward, residents can anticipate positive changes in their community, with the potential for new businesses and improved public amenities. The council's actions reflect a broader goal of enhancing the quality of life for all New Franklin residents, ensuring that the community continues to thrive.