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
Resource Provider
The Forman Community Development Corporation is focused on assisting new business owners with financing for start up or existing businesses or entities with expanding and upgrading their businesses.
Resource Type
Tax Credit and Exemption
Location
58013, 58017, 58032, 58040, 58043, 58060, 58067, 58069
Purpose
Leasehold Improvements, Renovation to Real Estate
Industry
Agriculture, Childcare, Communications, Communities, Construction, Energy, Ethanol, Exporting, Finance, Food Service, Healthcare, High Growth, Hospitality, Information Technology, Manufacturing, Other, Primary Sector, Professional Services, Real Estate, Retail, Tourism, Transportation, Utilities, Value-Added
Business Stage
Existing Business, New Business
Deadline
–
Contact
Nathan Schlecth
(701) 724-6222
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