New tax credit for downtown businesses in Petal

New tax credit for downtown businesses in Petal

PETAL, MS (WDAM) - Robust retail growth on the Evelyn Gandy Parkway has prompted a group of citizens, business owners, property owners, and elected officials to address concerns about the vitality of downtown Petal.

Specifically, they want a robust and vital central business district and are willing to work together to determine strategies to achieve that goal.

On Wednesday, they met at the Petal Civic Center to present plans on the following areas: Beautification, Green Space, Branding, and Incentives.

Mayor Hal Marx will communicate a tax abatement plan to encourage facade improvements in the downtown area.

Marx said that the first 25 businesses that make investments to the outside of their businesses can apply for $1,000 city tax credit for next year. It's a way to promote the downtown area as a historic shopping center for Petal and revitalize growth in that area.

Business owners can get the application for the tax credit at the Chamber of Commerce for the city of Petal or at City Hall.