Bradford City
The City of Bradford, located in Pennsylvania, actively promotes economic development through initiatives such as the Local Economic Revitalization Tax Assistance Program (LERTA). This program incentivizes commercial and industrial property owners to renovate or rebuild by offering real estate tax abatements for up to five years on assessed improvements or new construction.
Through LERTA, Bradford aims to encourage investments that enhance the community's prosperity and aesthetic appeal, alleviating the concern that property improvements will lead to increased taxes. By providing a structured tax exemption schedule, the city fosters a more vibrant business environment for its residents and visitors.
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