SUBJECT
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Presentation by the Economic Development Department on updates to the Chapter 380 Economic Development Incentive Program Guidelines aimed at diversifying incentives, encouraging smaller-scale commercial investment, attracting needed businesses, and promoting development in historically underserved areas of Laredo. The presentation will also highlight the Department's broader efforts to modernize the City's economic development incentive programs, including the Neighborhood Empowerment Zone (NEZ), Chapter 312 Tax Abatement, and potential Project Financing Zone (PFZ) initiatives.
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PREVIOUS COUNCIL ACTION
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BACKGROUND
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COMMITTEE RECOMMENDATION
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STAFF RECOMMENDATION
recommendation
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Fiscal Impact
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FINANCIAL IMPACT:
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