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City adopts Economic Opportunity Zones incentives list to attract industry and spur redevelopment
Summary
Council approved staff’s proposed list of incentives — including sales tax rebates, low-interest loans, fee waivers and expedited approvals — to aid negotiations with prospective commercial and industrial businesses; each incentive would require a later development agreement.
The Commerce City Council voted April 14 to adopt a staff-recommended list of proposed incentives intended to attract industrial and commercial redevelopment to the city.
The City Manager outlined the program as an "independent, assertive measure" to market Commerce as an industrial and commercial hub and described proposed incentives including…
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