The Department of Development in conjunction with other agencies, offers a number of incentives designed to attract new businesses and encourage the expansion of existing businesses.
Commercial Rehabilitation Property Tax Abatement Program (CRPTA) a local incentive for the rehabilitation of commercial and industrial buildings in the City.
Enterprise Zones a state and local partnership offering incentives to companies and investors to stimulate job creation and private investment in certain areas of the City.
Opportunity Zones a federal program offering investors tax benefits on current unrealized capital gains by investing those gains in designated Census tracts.
Historically Underutilized Business Zones (HUBZones) a federal program to help small businesses in certain communities gain access to federal contracts.
Residential Rehabilitation Property Tax Abatement Program a local incentive for the rehabilitation of residential homes in the City.
Tourism Zones a program offering incentives to companies and investors to attract more investment to areas prioritized as in the City-wide Tourism Development Plan & Retail Strategy.
Technology Zones a program offering incentives to encourage the development of commercial and industrial businesses engaged in technological research, design and manufacturing.