City Incentives

City Incentives

Incentives provided by the City of Conway based on the type and location of your business

This incentive applies to any person, firm, or corporation establishing a new business in a previously vacant building in the Central Business District. The Central Business District is defined as any property in the Central Business Zoning District as shown on the City’s Official Zoning Map. A vacant building is defined as any building or storefront which has been vacant and ready for occupancy for a period exceeding three months. Incentives include:
  • Reimbursement of building permit fees
  • Reimbursement of license fees collected by the City for two years
  • Fees are reimbursed within 60 days
  View PDF
In 2000, the City of Conway created a tax incentive program to encourage the restoration of historic buildings, promote community redevelopment, and to encourage sound community planning. Historic Properties must be certified by the City Council as eligible to receive the special tax assessment by being;
  1. listed on the National Register of Historic Places or
  2. be fifty years old and meet specific criteria.
  View PDF
In 2016, the City of Conway created a Redevelopment Enhancement Incentive Program to encourage development or redevelopment of properties in:
  • The Central Business District
  • The Core Commercial District
  • Commercial properties fronting Highway 378 (Wright Blvd) or Highway 701 (Main Street/Fourth Avenue)
This incentive reimburses 100% of capital recovery fees for the expansion of any existing business or opening of a new business within the designated areas of the City.

  View PDF
This incentive applies to any person, firm or corporate establishing a cinema, bowling center or other family entertainment facility in the city limits of Conway through annexation, redevelopment or new construction. All reimbursements for any calendar year shall be applied for in writing between January 1 and January 31 of the following year. The City shall pay all qualified reimbursement requests within 60 days of receipt. The business in the subject building or storefront must be actively operating to receive reimbursement. Incentives under this program include the reimbursement of any portion of the following:
  • The applicable water and sewer capital recovery fees up to one-half (1/2) of the total required fee paid.
  • The required building permit fees paid.
  • The business license fees collected by the City of Conway for as many as five (5) years.
  • The hospitality fees collected by the City of Conway for as many as five years.
  • The property taxes collected by the City of Conway for as many as five years.
  View PDF
In 2008 the City of Conway created a redevelopment incentive program intended to encourage the reuse or rehabilitation of existing commercial buildings 25,000 square feet in size or greater. The program is based upon the reimbursement of any portion or all fees required to operate within the city’s limits.
  • Water & sewer capital recovery fees up to one-half (1/2) of the total required fee paid.
  • The required building permit fee paid.
  • The business license fees collected by the City of Conway for as many as five years.
  • The hospitality fees collected by the City of Conway for as many as five years.
  • The property taxes collected by the City of Conway for as many as five years.
  View PDF