Is there a tax abatement program in Louisville?

Yes, Louisville offers several tax abatement programs aimed at encouraging economic development and revitalization. The most notable is the Industrial Revenue Bond (IRB) program, which provides property tax abatements for qualifying businesses. Additionally, there are programs like the Urban Renewal Tax Increment Financing (TIF) that support redevelopment projects. These initiatives are designed to attract new businesses and stimulate investment in the community.