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If you own a business in Milwaukee’s Renewal Community,
taxes might just be fun this year.
The
Renewal Community is a targeted area, comprised of 88 census tracts and home to
just under 200,000 residents, where businesses have access to special
Federal tax
incentives. Milwaukee is one of only 40 communities in
the country designated as a Renewal Community. The designation will last from
2002 – 2009. Businesses could save thousands through wage credits and deductions
available in this target area.
Address Look-Up
Look up an address to determine if it is within Milwaukee’s Renewal Community.
Applying for Federal funding?
If you are
applying for Federal funding for a project located in Milwaukee’s RC, you may be
able to receive bonus points in funding consideration. In order to receive these
bonus points, you must obtain a signed Certification of Consistency with the RC/EZ/EC
Strategic Plan. Submit a completed
form HUD-2990 and one-paragraph description
of the project to the Department of City Development, Commissioner’s Office.
Address: 809 N. Broadway, Milwaukee, 53202. Fax: 414-286-5467. We will consider
the project's consistency with the RC Strategic Plan and approve or deny the
application within one week.
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