KETR

neighborhood empowerment zone

KETR

Commerce Mayor Wyman Williams discusses plans for the Neighborhood Empowerment Zone that is being declared east of Park Street between Maple and Bishop Streets, providing tax incentives for home owners to renovoate their homes.  And the mayor says the city of Commerce recieved a check worth more than $500,000 from the Upper Trinity Regional Water District this week, as the result of renegotiating a contract with the water district.  The city agreed to make a change in a flaw in the contract that was unfavorable

KETR

Commerce Mayor Wyman Williams says the city council is considering the creation of "neighborhood empowerment zones" on the east side of the city that would encourage the renovation of homes and new home construction.  This is in addition to the "opportunity zone" created by the 2017 federal tax law that provides tax incentives for business development in Commerce and many other rural communities.