The Renaissance Zone program is to revitalize communities in our state and encourage development through tax incentives. It is a tool to help cities revitalize their communities. By offering both state and local tax incentives for 5 years, both residents and business owners are provided with an incentive to invest in the community. The program is unique in that cities develop handcrafted development plans that address each city's specific goals.
The Renaissance Zone must have both residential and commercial properties. Several activities qualify as a project including:- Purchase
- Rehabilitation
- Purchase (New Construction)
- Purchase with Major Improvements
- Historical
- Lease
- Leasehold Improvements
The program works to encourage reinvestment and redevelopment in Tioga's 32 Blocks zone and our downtown areas to enhance business and improve housing.