Businesses that are located within an Opportunity Zone can establish Opportunity Zone stock or Partnership Interest shares. These programs allow investors with capital gains to potentially defer taxes on their investments in a business. Businesses can use these…

Properties located in the CRA district do NOT pay any additional property taxes, rather, a portion of the annual City and County taxes collected in the redevelopment area is transferred to the CRA for redevelopment activities. North Miami Community Redevelopment Agency is…

The Community Redevelopment Agency (CRA) refers to a public entity created by a city or county to implement the community redevelopment activities outlined under the Florida Community Redevelopment Act of 1969 codified as Chapter 163, Part III, Florida Statutes…

Companies that are eligible under Florida’s Qualified Targeted Industries can receive up to 100% of the assessed value of all improvements to real property and tangible personal property for up to ten years for a newly constructed building….

Public or private entities may lease CRA-owned land for up to 60 years at severely discounted rates during the first fifteen years. In exchange, the developer builds a multi-story building with retail on the ground floor and Class A office space and other uses ….

The primary funding source available to the CRA consists of Tax Increment revenues. Tax Increment revenues are a unique tool available to cities and counties for redevelopment activities and are used to leverage public funds to promote private…