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Council hears explanation of enterprise zones; no active enterprise zones in Lorain
Summary
Council members were told there are currently no enterprise zones in Lorain; staff described the enterprise zone tool as a flat tax abatement option to incentivize job‑creating commercial development and agreed to provide further information if requested.
Lorain — At its Feb. 12 meeting the Lorain City Council heard an explanation of enterprise zones and was told the city does not currently have any active enterprise zones.
A staff member explained that an enterprise zone is a municipal tool that can provide a flat tax abatement for commercial property to encourage job creation. “An…
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