Columbus has given final approval to designating six areas of the city as Economic Revitalization Areas to streamline the process of attracting new businesses.
The Columbus City Council voted 6-0 Wednesday to approve a resolution designating the areas for economic revitalization. Councilwoman Laurie Booher was absent from the meeting.
The six areas identified include:
Woodside Northwest, on the south side of Columbus
Progress Park, off U.S. 31 and Lowell Road
Columbus Municipal Airport, on Columbus’ north side
Indianapolis Road Industrial Corridor, leading out of the city to the north
State Street Industrial Corridor, from downtown to the east side of Columbus
Columbus’ downtown area
An Economic Revitalization Area designation is required for businesses seeking a tax abatement for new or redevelopment projects, said Robin S. Hilber, programs director for the city’s Community Development Department.
The passage of the resolution does not mean future businesses will receive tax abatements, she said. However, the designation allows properties within the areas to apply for a tax abatement in a more streamlined process, she said.