Incentive Zones

Incentive zones are designated areas where governments offer financial or regulatory incentives to attract private investment, stimulate economic development, and address specific urban challenges. These incentives may include tax breaks, grants, streamlined permitting, or relaxed zoning regulations. 

Incentive zones are often used to revitalize distressed neighborhoods, promote job creation, and encourage the development of affordable housing or sustainable infrastructure. Examples include Enterprise Zones, Opportunity Zones, and Empowerment Zones, which target underinvested areas for economic growth and community improvement. 

While incentive zones can drive investment, they require careful oversight to ensure equitable outcomes and avoid displacement or gentrification.