The Renaissance Zone Program is intended to encourage economic development and investment opportunities in the downtown business district.
Visit fargond.gov/work/grants-exemptions/renaissance-zone for more information about Renaissance Zones.
An Opportunity Zone is a designated economically distressed community that is eligible for certain tax incentives and benefits. The program aims to promote investment and economic development in underserved areas.
Questions about Tax Incentives?
On income derived from the business or on investment.
On buildings, structures, fixtures, and improvements purchased or rehabilitated as a Renaissance Zone project for any business or investment purpose.
Tax credit from state income tax for up to 25% of the amount invested in the Renaissance Zone project up to $250,000.
Deferral of capital gains taxes for existing assets gains in Opportunity Funds.
If an investment in the Opportunity Fund is held for 10 years, investors pay no taxes on any capital gains produced through the investment in Opportunity Zone.
The Renaissance Zone Program is intended to encourage economic development and investment opportunities in the downtown business district.
Visit fargond.gov/work/grants-exemptions/renaissance-zone for more information about Renaissance Zones.
On income derived from the business or on investment.
On buildings, structures, fixtures, and improvements purchased or rehabilitated as a Renaissance Zone project for any business or investment purpose.
Tax credit from state income tax for up to 25% of the amount invested in the Renaissance Zone project up to $250,000.
An Opportunity Zone is a designated economically distressed community that is eligible for certain tax incentives and benefits. The program aims to promote investment and economic development in underserved areas.
Questions about Tax Incentives?
Deferral of capital gains taxes for existing assets gains in Opportunity Funds.
If an investment in the Opportunity Fund is held for 10 years, investors pay no taxes on any capital gains produced through the investment in Opportunity Zone.
Downtown is the most walkable neighborhood in Fargo with over 5,000 residents.
Downtown Fargo also offers a robust public transportation system, is bike friendly, and was built with pedestrian foot traffic in mind
KCR is a full-service commercial brokerage specializing in finding the perfect match between business and space. Meet the agents who know downtown Fargo better than anyone.
Managing Broker
Your space should inspire you, contact Mike to find your dream location.
KCR is a full-service commercial brokerage specializing in finding the perfect match between business and space. Meet the agents who know downtown Fargo better than anyone.
Commercial Realtor®
Your space should inspire you, contact Claire to find your dream location.
