Petal creates Central Business District offering tax incentives.

Guidelines for tax abatement projects are as follows:

• May be a Development/Construction project, meaning new construction on unused land or as redevelopment after demolition of an existing structure, or a Reconstruction/Renovation project, meaning work done on an existing structure to improve exterior or publicly accessible interior, including beautification and signage.
• Development/Construction projects should leave room by the road for sidewalk installation.
• Must be commercial or industrial use (not residential or multifamily)
• Routine maintenance on a building does not qualify for abatement.
• The decision of whether or not to grant the abatement rests with the sole discretion of the mayor and board of aldermen based upon the project meeting the above criteria and the goals of promoting business, commerce, or industry within the city.