Economic Revitalization Zonepeirce2023-09-01T14:09:27-04:00

Economic Revitalization Zone

Harrisonburg’s Economic Revitalization Zone promotes the ongoing growth of the downtown area. The Zone offers a real property tax exemption for new construction in the B-1 Central Business District. The real estate exemption is based on the level of capital investment.

Capital investment between $1 million and $10 million = a 5 year exemption
Capital investment between $10 million and $20 million = an 8 year exemption
Capital investment of $20 million or more = a 10 year exemption

Read the full city ordinance describing the zone: Economic Revitalization Zone Ordinance

“Harrisonburg provides an ideal context for the highly technical work we perform for the U.S. Government. We are ideally located next to many excellent colleges and universities, which provide exceptional talent, and close enough to DC and Northern Virginia that we can conveniently interface with our customer and partners. To me, it comes down to quality of life. Our employees have very short commutes and there are a plethora of activities in the area that suit almost every interest.”

Mike Goertzen, Sr. Program Manager, Serco

“As Rocco considered options for our expansion, we were pleased with the partnership that Harrisonburg Economic Development provided as we worked our way through plan reviews, permit approvals, and inspections. It was helpful to have an ombudsman guiding us through the process. We are excited that we have the opportunity to continue to grow and invest in Harrisonburg.”

Fontaine Canada, President, Rocco Building Supplies