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RENAISSANCE ZONE –PROGRAM INFORMATION <br />•Program enacted through the North Dakota Century Code in the late 1999 <br />•The purpose of the Renaissance Zone is to encourage reinvestment in downtown properties, <br />which in turn strengthens the core of our community and community as a whole <br />•The Renaissance Zone provides both property tax and income tax incentives to property and <br />business owners who invest in qualified projects <br />•The Renaissance Zone boundary is based on population –Fargo can have up to 49 blocks