Bismarck, N.D. -- The North Dakota Department of Commerce announced today it has renewed the Renaissance Zone Program for the city of Hazen for five additional years. The Renaissance Zone Program is a tool for community redevelopment and economic investment that incorporates tax incentives to business and residential properties.
Hazen started utilizing the Renaissance Zone Program in 2003 and has had 26 approved projects. Recent projects include Mandate Machinery in 2017, Tractor Supply Company in 2017 and Great Stay Hazen Hotel in 2017.
“Hazen has used the Renaissance Zone Program to encourage reinvestment and redevelopment in its downtown area to enhance business and improve housing,” said Rikki Roehrich, program coordinator at the North Dakota Department of Commerce. “The program is often used in smaller rural communities to attract businesses that provide vital services to their populations.”
The Renaissance Zone Program currently includes 58 cities across North Dakota. Since the program’s inception in 1999, more than 1,600 projects have been approved and more than 1,300 have been completed.
The North Dakota Department of Commerce works to improve the quality of life for North Dakota citizens by leading efforts to attract, retain and expand wealth. Commerce serves businesses and communities statewide through committed people and partners who offer valuable programs and dynamic services.
For more North Dakota news and information, go to www.NDCommerce.com.