March 02, 2015

FAQs

Yes, depending on the type of business, location of the business, number of primary jobs created and other factors. We have a variety of potential incentives.  See our section on making things work for more information.

For more information and to find out if your business qualifies please contact the West Fargo Economic Development office at 701-433-5311, visit the website at www.acityonthegrow.com or email matt.marshall@westfargond.gov.

The Renaissance Zone program is a tool to help cities revitalize their communities. By offering both state and local tax incentives for 5 years, both residents and business owners are provided with an incentive to invest in the community.

The program is unique in that cities develop handcrafted development plans that address each city's specific goals.

What are the ownership requirements? The first owner after the builder is eligible to receive the exemption. The owner must reside on the property. How is the incentive figured? West Fargo offers $150,000 on new residential construction. The incentive is on the structure only. For example, if the property is valued at $175,000 with the land at $30,000 and the home at $145,000 then the most the incentive would be for is the $145,000 for the structure itself. Do I owe any other taxes? This incentive is for the general or consolidated taxes only. It does not cover any annual installment of specials or drain taxes. When does the incentive start? It starts January 1st of the year after the property owner takes possession and occupies the home.

If a property owner moves into the home in October 2013, then the exemption starts January 1st, 2014 and will be for the years of 2014 and 2015. Will my escrow company consider the incentive when determining the escrow payment I make? Yes, they will allow you to make smaller escrow payments during the time you are receiving the incentive. However, a property owner should make sure that the escrow company knows when to increase their escrow payment to avoid a shortage in their accounts when the exemption time has expired. Typically you would be required to pay back any escrow shortages plus start increasing your monthly escrow for the following year.

The City of West Fargo is committed to encouraging the creation of high quality affordable housing for its residents. Historically the City has taken a preferred stand on private townhome style apartments over the the larger box style. Additionally, when the preferred style apartment enter into rent restrictions for lower income persons, the City will consider a 15-year Payment in Lieu of Taxes in conjunction with the Low Income Housing Tax Credits (LIHTC) provided by the federal government. While there is a set of guidelines especially formulated for the LIHTC program, the application is the same as the New Industry/Pilot application. The qualified project must file an annual report each December to be eligible for the exemption. The report must reflect the amount of rents charged for the project. The exemption will run for a 15 year period if the rent stays at the specified levels.

The West Fargo Economic Development Advisory Committee will review the application and make a recommendation to the West Fargo City Commission. For more information on applying for the exemption, please contact Economic Development and Community Services Director Matt Marshall by calling 701-433-5311. For questions concerning what this means in tax savings, please contact the City of West Fargo Asessment Office by calling 701-433-5340 or emailing them at assessor@westfargond.gov

With a few exceptions it covers the Butler industrial Park, Main Ave from 11th St West to 6th St NW, Main Ave on the south side of the road from 6th St West to 24th St East, Center St from Main Ave to 8th NW west side of street and Sheyenne St from Main Ave to 7th Ave west.

You can view the Renaissance Zone map by clicking here for the PDF. Click here for an interactive map.

Yes, you need to be registered with the State Department of Commerce. http://www.nd.gov/businessreg

Depending on the type of business, you may also be required to complete some addition City applications for more information, www.acityonthegrow.com

Yes, we have several retail sites, office sites and industrial sites available to fit any commercial need. Please check out the website at www.westfargond.gov/econdev/Business for listing of available properties.

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Economic Development and Community Services

Matthew MarshallMatthew Marshall

www.acityonthegrow.com

 

Phone Number:  (701) 433-5311
Cell Phone:        (701) 373-5666
Fax Number:      (701) 433-5319  
Address: 
800 4th Avenue East, Suite 1, West Fargo, ND  58078  
Hours: 
8:00 a.m. to 5:00 p.m. - Monday through Friday                         

Services
The Business Development Department connects new and existing business owners and operators with city officials, helping to pave the way for the growth and expansion that is making West Fargo part of North Dakota’s new economic frontier. Serving as a link for the economic health of the community, the Department of Economic Development:

  • Works to increase jobs and the tax base by recruiting and retaining businesses through the Business Retention and Expansion Program
  • Coordinates efforts between the city and various business organizations, including the North Dakota Department of Commerce, the West Fargo Chamber of Commerce, and the Fargo Cass County Economic Development Corporation.
  • Top-notch primary and secondary schools, with over 23,000 college students enrolled in our universities and colleges within the Fargo MSA.
  • A knowledgeable workforce - The unemployment rate in the Fargo MSA is 3.1 percent, while elsewhere in North Dakota, rates hover around 4.1 percent.
  • Pro-business climate - Low state worker’s compensation and unemployment insurance rates, no sales tax on manufacturing equipment and no personal property taxes.

The City of West Fargo works hard for businesses interested in making West Fargo their home. From securing proper sites, the planning and zoning process and identifying potential funding sources our City departments have a vested interest in your business.

We provide customized business services by working case by case with individual firms to solve both major and minor challenges that occur.Furthermore, our multi-faceted approach also means that once a business locates in West Fargo, we commit to establish a business’ staying power—regardless of the business’ size.The City of West Fargo recognizes the myriad of benefits businesses bring to our community and intend to give all the aid and resources needed to maintain a sustainable business venture in West Fargo.