The Comptroller requires all taxing units to name a reinvestment zone or enterprise zone in the correct format.
First, identify what locality or subdivision the zone is in. Often an enterprise zone encompasses nearly a whole community. Or there may be multiple cities in a county with an enterprise zone. If the zone anticipates having only one business, then the name of the zone could include the name of the business as seen in the list of examples below.
Second, indicate if the zone is a Reinvestment Zone or an Enterprise Zone
Third, if the zone is a reinvestment zone, include the “zone number.” If there are two or more zones in a given community/taxing unit, the zone number must be in numerical order (e.g. Reinvestment Zone 1, Reinvestment Zone 2). Ordinance numbers or dates should not be included in the name.
Fourth, if the zone is in an enterprise, then a tract number and block number are necessary to identify where the business is located in within the enterprise zone. Tract and block numbers are based on federal census numbers and are typically good for 10 years when the census is done again. Tract and block numbers can be found on the Governor’s website.
Here are some examples of how to properly name a reinvestment zone:
For additional information, contact the Data Analysis and Transparency Division via email or at 844-519-5672.