The City of Fresno and Central California Hispanic Chamber of Commerce Partner to Promote the Municipal Restoration Zone

The City of Fresno and the Central California Hispanic Chamber of Commerce will be announcing that they are teaming up to highlight the benefits of the Municipal Restoration Zone (MRZ) to local businesses. This partnership is made possible by a $25,000 Community Development Block Grant.

The MRZ allows new or qualified expanding businesses within the zone boundaries to obtain refunds of business license fees, reductions of building permit fees, and refunds of sales and/or property taxes, in addition to the initiatives already in place as part of the Federal Empowerment Zone and State Enterprise Zone. These incentives are designed to help motivate business development and expansion, and job creation in the City's urban core. The Municipal Restoration Zone boundaries contain all properties with the City Limits south of McKinley Avenue and west of Peach Avenue.

The chamber is currently working on a media campaign to promote this new program in both English and Spanish that it intends to launch in the Spring with the goal of increasing the number of businesses that are aware of the MRZ and ultimately to make full use of the program.

Date: Wednesday, February 20, 2008

Time: 2:30pm

Location: Fresno City Hall 2nd Floor Outside Council Chambers

Who: Councilmember Cynthia Sterling, Chamber President Eligio Nava and Chamber Executive Director John Hernandez

Contact: CCHC John Hernandez 559-495-4817 City of Fresno Patti Miller 621-7777

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