Written by The Business Journal Staff
The City of Madera has launched three new initiatives to promote development in the city.
Approved last month by the Madera City Council, the initiatives are intended to provide significant savings in city permitting and processing fees for projects in the following categories: The development and redevelopment of downtown properties; remodeling and renovating older buildings and buildings that have experienced long vacancies anywhere in the city; and building projects that will be used for tax-exempt or nonprofit operations.
“Developers and entrepreneurs alike now have new reason to think Madera when pursuing new business interests in the Central Valley,” states a press release from the city.
“This city deserves great opportunities to eat, to dine, for retail, and to do business,” City Councilman Charles Rigby said in a written statement. “This is a great way that we can show as a council that we have vision for that and we’re going to continue to move forward.”
Spearheaded by a City Council subcommittee comprised of council members Rigby, Will Oliver and Jose Rodriguez, a series of meetings were held with community groups to identify ways the city could make it easier for property owners and builders to invest in Madera, resulting in the proposal for the three incentive programs.
The council voted unanimously to adopt the resolution, and the incentives became active immediately.
Though there currently is no deadline of the program, members of the council discussed amending the initiative to include a sunset, emphasizing that those interested in saving money should get in while the getting’s good.
For more information on the incentives, go online to cityofmadera.ca.gov/incentives or call Dave Merchen, Madera’s community development director, at (559) 661-5430, or email him at email@example.com.