The Monetary Value of NEZ
NEZ is short for Neighborhood Empowerment Zone. Located in the city boundary map of Evans/Rosedale, the Connex project applied for and was successfully approved for the NEZ certification.
The benefit of a NEZ certificate for a project like Connex is tremendous. Read Urban Regeneration; “The return from suburbia” In this post, I am only highlighting the monetary value of NEZ incentives, and what categories it applies to. See the image below:
The total value of the incentives listed above for a approx. 1 million dollar, 10,000 sqf new construction commercial project in the City of Fort Worth would add to approximately $10,000.00 – $15,000.00 in savings.