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Moorhead EDA recommends raising enterprise‑zone workers’ compensation credit to up to 27% with $30,000 cap
Summary
The Moorhead Economic Development Authority voted to recommend that the City Council approve increasing the enterprise‑zone workers’ compensation tax credit to up to 27% for the 2025 program year while keeping the $30,000 per‑business cap.
The Moorhead Economic Development Authority on Thursday voted to recommend that the City Council approve a workers’ compensation enterprise‑zone tax credit of up to 27% of an employee’s workers’ compensation cost, with a $30,000 program cap for the 2025 program year. The EDA made the recommendation after staff presented participation data, program balances and policy considerations.
The recommendation matters because the enterprise‑zone credit is Moorhead’s most used business retention tool and can be applied to both existing employers and new arrivals. “Having fund balance provides us with the…
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