In March 2016, the City of Grand Forks underwent and approved an update to the Renaissance Zone Program. The following major changes were done as part of the update:
- Renewal/extension of block eligibility
- Additional blocks (map is below)
- Changes to projects and incentives offered
In 1999, the North Dakota Legislature created the Renaissance Zone Program to help revitalize communities statewide and encourage development through tax incentives. Offering both state and local tax incentives for five years, the “Ren Zone” provides both residents and business owners with incentives to invest in the community. The Program is administered under statewide guidelines plus development plans that are unique to each City. The Grand Forks Renaissance Zone was established in 2001; the local Plan was updated in 2011, and boundaries were expanded at that time.
Properties located within the zone are eligible for state income tax and city property tax exemptions or credits depending on the type of project being pursued.
Different project types include:
For more information contact Andrea Edwardson, Planner at email@example.com, 746-2661.