The City of Bismarck administers the two downtown programs – the Renaissance Zone program and the CORE Incentive Grant program.
The Renaissance Zone program, which was established by the North Dakota Legislature in 1999, provides tax exemptions and credits to both residents and businesses for revitalization and redevelopment activities within the Zone. Bismarck’s Renaissance Zone was established in March 2001 and now encompasses a 39-block area in downtown Bismarck. The purpose of the Zone is to encourage reinvestment in downtown properties, which in turn strengthens the core of our community. The Renaissance Zone provides both property tax and income tax incentives to property and business owners who invest in qualified projects. There are five different types of Renaissance Zone projects: rehabilitation, purchase with major improvements, purchase only, lease, and historical preservation and renovation.
The City of Bismarck website provides details about the Renaissance Zone program.
The City of Bismarck established CORE Incentive Programs in 2006 to encourage rehabilitation, reinvestment and new development in the downtown area of our community. These programs were created to stimulate new development in the downtown area and fund projects that will serve as the foundation for future downtown development and a healthy tax base.
· The Façade Grant program provides 50% matching funds for improvements made to building facades.
· The Housing Incentive Grant program provides 20% matching grants for the creation or rehabilitation of housing units within the downtown area.
· The Technical Assistance Bank offers financial assistance for professional design services from licensed architects and engineers.
· The Sidewalk Subsurface Infill program offers grants for work within the public right-of-way needed to fill subsurface vaults under sidewalks.
The City of Bismarck website provides details on each of the CORE Incentive Programs.
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