Dimensional standards
Servicing
- Geographic extent
- The boundaries of the Page County Enterprise Zone, which encompasses portions of the Town of Shenandoah, is established on the map entitled, 'Map of the Page County Enterprise Zone'.
Extracted standards
6 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Business development loan program
The BDLP provides loans up to a maximum of $50,000.00 to be utilized by new or existing businesses located in the enterprise zone.
- Business/professional/occupational license refund
The refund is a grant equal to a percentage of new business license fees, local option sales tax, meals and/or lodging taxes paid by the qualifying company/business determined by the following schedule: Year 1—80 percent refund; Year 2—60 percent refund; Year 3—40 percent refund; and Years 4 and 5—20 percent refund.
- Capital investment grant
The CIG is a grant equal to 75 percent of the taxes paid on net new taxable in machinery and tools, business personal property, and/or real estate, as measured by the increase in assessment.
- Commercial rehabilitation real estate tax exemption
The CRRETE exempts qualifying real estate assessments (QREA) from increases in taxation by the town and/or county for a period of between five to 15 years.
- Job creation grant
Qualification for the job creation grant (JCG) is based on permanent full-time job creation over a four-job threshold, with wage rates at least 175 percent of the federal minimum wage and availability of health insurance.
- Real property investment grant
Real property investment grant (RPIG) is based on qualified investments made to commercial, industrial, and mixed-used buildings for facilities located within the boundaries of an enterprise zone. To be eligible for the RPIG, an individual or entity must invest at least $100,000.00 for rehabilitation or expansion projects and at least $500,000.00 for new construction projects.
From the ordinance
The boundaries of the Page County Enterprise Zone, which encompasses portions of the Town of Shenandoah, is established on the map entitled, 'Map of the Page County Enterprise Zone'.