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Chapter 380 of the Texas Local Government Code allows the Fort Worth city council to establish and administer programs that promote economic development.
The Opportunity Zones program is a federal tax benefit that encourages private investment in certain state-designated zones. Benefits to an investor's federal income tax is earned through reinvestment of capital gains into qualified projects.
Local governments can publicly finance needed structural improvements and enhanced infrastructure within a defined area called a reinvestment zone.
Tax increment financing is a tool authorized by Chapter 311 of the Texas Tax Code by which local governments can publicly finance needed structural improvements and enhanced infrastructure within a defined area called a reinvestment zone.
Promote housing, economic development, and quality services in Fort Worth central city.
A Public Improvement District is a defined geographical area established to provide specific types of improvements or maintenance which are financed by assessments against the property owners within the area.