Bismarck, N.D. -- The North Dakota Department of Commerce announced today it has renewed the Renaissance Zone Program for the city of Lisbon for five additional years. The Renaissance Zone Program is a tool for community redevelopment and economic investment that incorporates tax incentives to business and residential properties.
Lisbon started utilizing the Renaissance Zone Program in 2003 and has had 21 approved projects. Recent projects include First State Bank of ND in 2014, Gordy’s Grill and Fill in 2015 and Casey’s General Store in 2018.
“Lisbon has used the Renaissance Zone Program to encourage reinvestment and redevelopment in their downtown area to enhance business and improve housing,” Rikki Roehrich, program coordinator at the North Dakota Department of Commerce said. “The program is often used in smaller rural communities to attract businesses that provide vital services to their population.”
The Renaissance Zone Program currently includes 58 cities across North Dakota. Since 1999, over 1,600 projects have been approved and over 1,300 have been completed.
The North Dakota Department of Commerce works to improve the quality of life for North Dakota citizens by leading efforts to attract, retain and expand wealth. Commerce serves businesses and communities statewide through committed people and partners who offer valuable programs and dynamic services.
For more North Dakota news and information go to www.NDCommerce.com.