Page 67 - Greensboro, NC-GSO 2040 Comprehensive Plan

Map 6: Economic Development Areas

The Economic Development Policy map delineate areas where extra support is
given too new and expanding businesses.

Reinvestment Areas and Corridors
These areas were identified in Connections 2025 for public and private investment
and are eligible for Urban Development Investment Guidelines that the City uses to
promote infill and redevelopment to create more economically and socially vibrant
communities.
• Reinvestment Areas include designated Redevelopment Areas and additional
locations first identified in Connections 2025.
• Reinvestment Corridors include eight commercial corridors along major
thoroughfares that need reinvestment to increase economic activity and
strengthen adjacent neighborhoods.

Impact Zones
Impact Zones encourage growth on priority sites in specified areas to diversify
the local economy, provide high wage employment opportunities, and support a
sustainable, vibrant community. Each zone includes areas that would most benefit West Gate City Boulevard, after streetscape improvements
from investment and reinvestment. Current incentives for these areas include the
“80 for 8” program that extends the life of economic incentives. Zone 1 offers an
incentive of up to 80% of the increased ad valorem tax for up to eight years; Zone 2
offers an incentive of up to 80% of the increased ad valorem tax for up to six years.

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