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Applications for arts and cultural district tax incentives up in 2013
Applications from businesses to be a part of the city’s arts and cultural district are up more than 40 percent this year, according to the city manager’s report for Tuesday’s city council meeting.
Being a part of the district means qualifying for tax relief from the city. Here is a map of the district.
Of those who applied in 2013, 27 were existing businesses, 14 were art hosts and there’s one new business.
An art host business is a place, such as a restaurant or bank, that has year-round rotating space for artists to display their work.
“We’re glad to see the interest in it picking up,” said Richard Tremblay, the city’s assistant director for economic development.
The incentives are:
- For new or expanding businesses: Not paying BPOL taxes for five years (business professional and occupational license) and a waiver of $2,000 in permit fees
- For existing businesses: $250 off BPOL taxes until 2015
- For art host businesses: $250 off BPOL taxes until 2015
The district was established in late 2010. It was established to attract new arts and cultural venues, support existing arts and cultural venues, encourage expansion of existing venues downtown, according to the ordinance the City Council approved when the district was established.