ECONOMIC INCENTIVES

The Aerozone’s expansive range of economic incentives, including significant tax benefits, job creation grants, and infrastructural support, creates an ideal environment for businesses to grow and thrive.

GROW HERE

Join a Community Where Growth Takes Flight

The Aerozone is engineered for businesses in space, aviation, advanced manufacturing, and logistics, offering a robust portfolio of economic incentives designed to fuel your venture’s lift-off and ascent. From significant tax benefits under Community Reinvestment Area programs to forward-thinking Job Creation Grants and infrastructural support through Tax Increment Financing, our region is tailored for businesses ready to soar.

THE SKY’S THE BEGINNING

From significant tax benefits under Community Reinvestment Area programs to forward-thinking Job Creation Grants and infrastructural support through Tax Increment Financing, our region is tailored for businesses ready to soar.

Tax Incentives

Tax Incentives

  • Community Reinvestment Area (CRA) Programs: Offer tax abatements for property upgrades or new constructions to stimulate local economic growth.

  • Enterprise Zones: Provide tax relief for businesses making qualifying investments.

  • Tax Increment Financing (TIF): Allows municipalities to invest in infrastructure by capturing the future tax benefits of real estate improvements.

Business Growth and Job Creation

Business Growth and Job Creation

  • Job Creation Grant Programs: Reward companies that create significant numbers of new jobs with grants based on additional payroll taxes generated.

  • Small Business Loans: A variety of loan programs are available to support small businesses in their growth or establishment in the area.

  • Workforce Training Incentives: Some regions provide reimbursement for employee training to enhance skills and promote retention.

Area Revitalization

Area Revitalization

  • Storefront Renovation Programs: Grants are given to enhance the aesthetic appeal and functionality of retail fronts.

  • Land Reutilization Programs: Facilitate the effective reuse of land to improve non-productive properties.

  • Infill Development Support: Assists with the redevelopment of underused parcels within urban areas to promote density and efficient land use.

READY TO SOAR?

The Aerozone is a hub of innovation and growth where the skies are just the beginning

Empower your business’s trajectory in the Aerozone, where every incentive is an opportunity for advancement and every investment propels you forward. With our strategic location, strong ties to the aviation and aerospace sectors, and a commitment to economic prosperity, we provide the perfect runway for your business to launch and expand.