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Median Annual Household Earnings in Washburn, ND

Washburn has so many opportunities for successful careers. From great jobs in the energy industry, to healthcare and education, the career of your future may be right here on the Missouri River.

 

Current Commercial Property

Property ownership must be transferred after the state authorization of the zone to be eligible for both real estate and income tax exemptions

Property may not have been part of a previous zone project

Project must bring property into compliance with all current building codes and all deteriorated conditions that are visible on the exterior of the building.

Property owner must make capital improvements equal to the greatest of the following * 50% of the true and full value of the property prior to improvements

Proposed capital improvements must substantially improve the life expectancy of the property. Capital improvements include, but are not limited to, replacement or updating of roof, foundation, structure, siding, windows, and doors as well as electrical, pluming, heating and cooling systems. Capital improvements do not include new floor covering, window treatments, wall coverings, or furnishings

New Commercial Construction or Additions

Tenant must be leasing space in a building that has been approved as a zone project for current or new commercial property

Building has been determined by Zone Authority to have been restored or rehabilitated prior to the establishing of the zone meeting all require criteria and now need additional incentives to bring building to full occupancy.

Vacant Lots

Vacant lots that have never been developed or built on will not receive Renaissance Zone approval per state requirements (Said lots would be lots that do not have or ever had services ex. Water, sewer, road, etc.)

Properties with a history of long term vacancies may be given special consideration by waiving some of the above mentioned requirement

Conmnect with Washburn Economic Development Association

    The clear skies and the old elevator near Washburn ND