Local Programs and IncentivesRenaissance Zone « Back to Search Results
Category: Local Programs and Incentives, State Programs and Incentives
The Renaissance Zone program is to revitalize and encourage development through tax incentives. By offering both state and local tax incentives for 5 years, both residents and business owners are provided with an incentive to invest in the community.
The Renaissance Zone must have both residential and commercial properties. Several activities qualify as a project including:
- Purchase (New Construction)
- Leasehold Improvements
- Public Utility Infrastructure