If you’re looking for the best tax incentives on the East Coast,look no further than Allentown, Pennsylvania. Thanks to the specialNeighborhood Improvement Zone taxing district, all qualifying taxes generatedin a 128-acre zone in downtown Allentown and the city’s waterfront district canbe used to pay debt service on any financed improvements (construction,renovation, property acquisition, tenant fit out, and related soft costs)within the NIZ. Not only does that provide a huge incentive to developerslooking to become a part of the city’s urban revitalization; it also meansbusinesses can get significantly reduced rates on rent in brand new, class-Aoffice space.
Allentown is transforming into one of the country’s most vibranturban communities, with new restaurants, arts venues, parks and recreation, apicturesque waterfront and the brand new PPL Center hockey arena. Allentown isalso ripe with the opportunities in manufacturing, the city’s third-largestmajor industry sector. With many available industrial properties, access to adense labor market, a strong existing infrastructure, and access to cityamenities, Allentown is a manufacturing city within a manufacturing region.Come to Allentown, and find out why it’s called the City Without Limits.