Enterprise Zone CommissionPerformance based… Results driven                To revitalize once                vital, vibran...
Expanded Zones
Tax Credits      1. A credit of 25% of         expenditures for         rehabilitation or new         construction.      2...
Programs by Strategic Plan              1.   Community Aesthetics –                   Scrape, Paint &Rejuvenate           ...
Other Benefit Programs           • EZ Plan Program offers             benefits for the             rehabilitation of build...
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Enterprise zone commission townhall meeting march2012

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Presentation made at Downtown Revitalization, Inc.s “Tools for Residential and Neighborhood Revitalization” - AUgust 2012
http://www.downtownrevitalizationinc.com

Published in: News & Politics
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Enterprise zone commission townhall meeting march2012

  1. 1. Enterprise Zone CommissionPerformance based… Results driven To revitalize once vital, vibrant neighborhoods that are now considered distressed communities as designated by the Governor.
  2. 2. Expanded Zones
  3. 3. Tax Credits 1. A credit of 25% of expenditures for rehabilitation or new construction. 2. Tax Rate reduction to 3% for gross receipts. 3. Property Tax Credit equal to the increase in property taxes assessed due to rehabilitation.
  4. 4. Programs by Strategic Plan 1. Community Aesthetics – Scrape, Paint &Rejuvenate 2. Public Safety & Crime Prevention – Board-up & Youth to work programs 3. Entrepreneurship – Community Gardens 4. Infrastructure , Housing & Neighborhood Development - Estate Planning Conference, Historic walk & Save a building programs. 5. Business Development – tax credits & Beneficiary Care Program 6. Plan Implementation – Frederiksted, Christiansted & Savanne town plans
  5. 5. Other Benefit Programs • EZ Plan Program offers benefits for the rehabilitation of buildings within the Enterprise Zone that will house within them businesses as specified in the town plan as adopted by the EZC. • Commercial Zone program offers tax credits for the rehabilitation of existing buildings within the Commercial Zone.

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