Forman Commercial Property Tax Incentives
"Renovation or Rehabilitation of a Business: Cost of renovation must be at least 15% of true and full value of property. Payment in lieu of taxes offered: Expansion of Current Business: Proposed expansion must be at least 20% of the current footage of existing structure(s) of the business. Property tax incentives: Creation of New Business: Council may take into consideration existing businesses of same type and whether competition will create a notable hardship for those entities. "
Amount
Maximum: $100
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Facility Improvement Grant Program for Childcare Facilities
The Improvement Grant for Childcare Facilities program is designed to help meet our workforce needs for childcare in the Lisbon ND area. By helping improve our current facilities and helping them attain certain needs, we will help give them the tools to increase the capacity of the facility and help give incentives to new childcare facilities.
Lisbon STAR Fund
The Star Fund is intended to provide financing incentives to business activities that desire to expand or locate in the greater Lisbon trade area. The primary purpose of this fund is to expand the financial base of the community by creating new jobs, saving existing jobs, expanding the local tax base, increasing capital investment, improving the entrepreneurial climate and attracting people to the Lisbon Area. Generally, Star Funds will be used to develop private enterprise.
Pembina County JDA Loan & Grants
The Pembina County Job Development Authority can offer direct loans in the form of gap financing and can also assist with interest rate buy downs through the Bank of North Dakota’s PACE and Flex PACE programs. Pembina County JDA also offers a Storefront Improvement Grant for businesses improving the facades of their businesses (application needs to be submitted before the work begins).