Economic Development Incentive Tools
As-of-Right Tax Abatements
This incentive focuses on activating real estate development and job creation in traditionally underserved areas by offering a simplified process and establishing a real property or business personal property tax abatement for qualified projects. > Read more
Community Development
The Community Development program aims to improve living and economic conditions of persons in Target Areas by providing loans and grants for qualified projects -including those led by a non-profit developer-- that serve a community development purpose. > Read more
Predevelopment Assistance Program
This incentive supports community developers and certified women and minorityowned businessesby providing predevelopment loans for qualified expenses during the predevelopment process for vital flexible capital to enable project feasibility.
> Read more
Infrastructure Incentive Fund
The Infrastructure Investment Fund (IIF) incentive provides a brand-new source of capital for areas of the City that lack infrastructure or that have outdated or undersized infrastructure. > Read more
Negotiated Incentives
For projects that don't fit one of the above categories or have additional needs, the Office of Economic Development may offer negotiated tax abatements, grants or loans to qualified projects that fulfill a public purpose of creating Living Wage jobs or growing the tax base. > Read more
New Incentive Inquiry Tool
Do you need help determining the best incentive program for your project?
Complete our new Incentives Inquiry Tool!
Want to learn more about our incentives?
Join us every third Thursday of the month, for our virtual Monthly Incentive Meetings beginning April 20 at 3 p.m.
> Learn More
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