A Catalyst for the
Join the Resurgence. Choose Allentown.
The Allentown Neighborhood Improvement Zone Development Authority (ANIZDA) oversees and manages the Neighborhood Improvement Zone (NIZ) – a special district created by state law that is being utilized to encourage development and revitalization in center city Allentown and along the western side of the Lehigh River.
The NIZ is a powerful economic development program that has spurred over $1 billion dollars in redevelopment activity utilizing a unique tax incentive and financing tool.
The Impact
The NIZ is a powerful economic development program that has spurred a billion dollars in redevelopment activity, including entertainment, commercial, retail, residential, hospitality, conference and exhibition projects of approved applicants. To date, projects funded through ANIZDA have generated:
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B+
Total Investment ($)
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Employees
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M+
Real Estate Taxes
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M+
Arena Visitors
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Square Feet
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Apartment Units
What's New? All Articles
December 21, 2022
2022 Year in Review
Development activity in Allentown’s Neighborhood Improvement Zone (NIZ) remained strong during 2022. It was a year that saw significant investments...
December 14, 2022
ANIZDA and Da Vinci Close on $17.45 Million in Financing to Fund Science Center
The Allentown Neighborhood Improvement Zone Development Authority (ANIZDA) has issued its $5,500,000 NIZ Term Loan Note, Series 2022 and $11,950,000...
March 3, 2022
ANIZDA Approves Funding of $10.7 Million in Additional Public Improvement Projects
The board of the Allentown Neighborhood Improvement Zone Development Authority approved funding for improvement of public spaces at the site...