Neighborhood Empowerment Zones (NEZ)

This program was developed to attract private sector investment to targeted areas and is voluntary for property owners who choose to invest in their properties. Dyer Street and the Texas/Alameda Corridor are the pilot areas for the NEZ because they are undergoing economic change due to growth at Fort Bliss, the opening of the Texas Tech Medical School and Downtown redevelopment. Property owners who invest at least $100,000 in their commercial properties in these zones will receive property tax incentives and development fee increases for up to five years.

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