Empowering Growth: Flagstaff’s Incentive Programs for Business Expansion, Revitalization, and Job Creation
By Creag Znetko, Economic Development Administrator, City of Flagstaff
Business Retention and Expansion Incentive
The Business Retention and Expansion (BRE) Incentive in Flagstaff is designed to support existing businesses that are growing and reinvesting in the local economy. This program offers financial or technical assistance to help businesses expand operations, retain jobs, and increase their economic impact within the city. The incentive may be used for improvements such as equipment upgrades, facility expansion, or workforce development. By prioritizing companies already embedded in the community, the City aims to create long-term economic stability. The BRE incentive reinforces Flagstaff’s commitment to nurturing local enterprises and encouraging sustainable economic development.
Adaptive Reuse Incentive
Flagstaff’s Adaptive Reuse Incentive encourages property owners and developers to revitalize underutilized or vacant buildings for new business purposes. This program supports projects that breathe new life into aging structures, especially in designated redevelopment areas or along commercial corridors. Assistance may include fee reductions, expedited permitting, or technical guidance to help projects meet current codes while preserving historic or architectural character. The goal is to reduce barriers to redevelopment and encourage investment in existing infrastructure. Adaptive reuse aligns with the city’s sustainability goals by minimizing new construction waste and preserving community character.
Job Creation Incentive
The Job Creation Incentive is a performance-based program that supports businesses adding high-quality, full-time jobs in Flagstaff. Eligible businesses may receive financial assistance based on the number and type of positions created, with a focus on wages, benefits, and long-term employment. The incentive aims to attract and grow industries that provide career-ladder opportunities and strengthen the local workforce. Funding may be tied to outcomes such as workforce training, capital investment, or hiring from underserved populations. By encouraging job growth, the city promotes economic mobility and a more resilient community.
Together, the Business Retention and Expansion Incentive, Adaptive Reuse Incentive, and Job Creation Incentive offer a comprehensive toolkit for businesses looking to grow, invest, or establish themselves in Flagstaff. Whether a business is expanding operations, revitalizing an older building, or creating new job opportunities, these programs provide targeted support to reduce costs and streamline development. Businesses can work with the City’s Economic Development team to determine eligibility and tailor incentives to match their specific project goals. By leveraging these resources, companies can enhance their long-term success while contributing to Flagstaff’s economic vitality. These incentives are practical pathways for businesses to thrive while aligning with the city’s strategic vision for sustainable and inclusive growth.