At the City of Grand Forks Committee of the Whole meeting on July 22, Stephanie Johnson, local government consultant for Urban Systems Ltd., gave a presentation regarding the development of a revitalization tax exemption approach for Grand Forks.
The bylaw, if carried, would allow the city to offer tax exemptions to businesses as an incentive to make improvements.
“She talked about a tax stimulation program for downtown businesses,” said Mayor Brian Taylor. “I think it was very well received by council. We expect to have a more formal presentation at our Aug. 19 regular meeting.”
Taylor told the Gazette the system would be based on similar types of businesses or geographical areas.
“It’s an exciting concept,” he said. “It’s trying to give some opportunity to tax-exempt people who put money into revitalizing their business in certain key areas in our city.”
Later this month, city staff will review the information received before making a recommendation to council regarding a template for a future bylaw.