The Renaissance Zone program, which was established by the North Dakota Legislature in 1999, provides tax exemptions and credits to both residents and businesses for revitalization and redevelopment activities within the Zone. Bismarck’s Renaissance Zone was established in March 2001 and now encompasses a 39-block area in downtown Bismarck. The purpose of the Zone is to encourage reinvestment in downtown properties, which in turn strengthens the core of our community. The Renaissance Zone provides both property tax and income tax incentives to property and business owners who invest in qualified projects. There are five different types of Renaissance Zone projects: rehabilitation, purchase with major improvements, purchase only, lease, and historical preservation and renovation.
A Renaissance Zone project must be approved by both the City of Bismarck and the North Dakota Department of Commerce before the qualifying activity occurs (purchase, lease or rehabilitation).