Incentives

To achieve revitalization goals, the DIA provides numerous resources to developers and those looking to invest Downtown. In addition to administering development and redevelopment agreements, allocating development rights, creating public/private partnerships, and providing enhanced public amenities, the DIA provides many program-specific incentives, including:  commercial lease and job creation incentives, retail build-out incentives, residential incentives, incentives for preservation and revitalization of historic structures, storefront facade grants, sidewalk café grants, and more!

Please note: interested applicants must complete an application form, project
pro-forma and project profile assessment form (together with any other financial information requested by DIA and reasonably necessary to evaluate financial gap or need and the accuracy of construction costs, financing commitments, etc.) and submit all to the DIA for staff review and evaluation. 

• Commercial Incentives
• Residential Incentives
• Downtown Preservation and Revitalization Program
• Downtown Historic Preservation and Revitalization Trust Fund
• Storefront Facade Grant Program
• Water Quality Compensatory Credits
• Mobility Fee Credit

To learn more about the various incentives DIA offers, visit http://dia.coj.net/Incentives.

Some development incentives are available Downtown without regard to job creation or specific property use. The following benefits are available for any Downtown development/redevelopment:

• No State Income Tax
• Simplified zoning
• No parking requirements
• Stormwater quality credits available for purchase
• Allocation of development rights free of mobility fees
• Reduced mobility fee rates compared to other zones
• Registration as a National Historic District
• Qualification for federal Historic Tax Credits

Contact

Steven T. Kelley, DBA
Director of Downtown Real Estate and Development
(904) 255-5304
DIAPrograms@coj.net