Renewal Community (RC)
Tax Incentives for Businesses in the Heart of Milwaukee
If you own a business in Milwaukee’s Renewal Community, taxes might just be fun this year.
The Renewal Community is a targeted area, comprised of 88 census tracts and home to just under 200,000 residents, where businesses have access to special Federal tax incentives. Milwaukee is one of only 40 communities in the country designated as a Renewal Community. The designation will last from 2002 – 2009. Businesses could save thousands through wage credits and deductions available in this target area.
Look up an address to determine if it is within Milwaukee’s Renewal Community.
Applying for Federal funding?
If you are applying for Federal funding for a project located in Milwaukee’s RC, you may be able to receive bonus points in funding consideration. In order to receive these bonus points, you must obtain a signed Certification of Consistency with the RC/EZ/EC Strategic Plan. Submit a completed form HUD-2990 and one-paragraph description of the project to the Department of City Development, Commissioner’s Office. Address: 809 N. Broadway, Milwaukee, 53202. Fax: 414-286-5467. We will consider the project's consistency with the RC Strategic Plan and approve or deny the application within one week.