Incentives & Business Assistance Programs
The City
operates a variety of programs to assist community and
economic development (based on funding ability and other
criteria), including:
- The City of Yakima has been designated as a Renewal
Community by the U. S. Department of Housing and
Urban Development (HUD). This program provides employment
and capital investment credits and deductions for
investment
in designated areas of the City. (more
detail)
- Washington State Community Empowerment Zone Program:
Eligible businesses receive employee and sales tax deferrals
through the State Department of Revenue. Must be located
within designated area of the City.
- Supporting Investment in Economic Development (SIED)
Fund: A grant/loan program for installation of public
infrastructure to qualifying economic development projects.
- Industrial Revenue bonds: A tax-exempt nonrecourse revenue
bond of Yakima County Public Corporation for construction
and equipment for industrial development facilities.
- Section 108 Loan: A federal loan guarantee program for
qualifying economic development activities. (More
detail)
- Minority and Women Business Enterprise Loans: A loan
program for small business ($25,000 maximum) handled
through Rural Community Development Resources, using
federal funds. Call 453-5133 for information.
