Tax abatements help commercial property owners reduce expenses. When used in low-wealth communities and paired with other policy tools, such as inclusionary zoning and tax increment financing (TIF), tax abatements can help prevent small businesses from being displaced. If business owners also own their properties, abatements can reduce or eliminate their property tax burden, freeing up capital that they can reinvest in their business. Tax abatements also benefit governments, who can use them to subsidize the production of affordable commercial space and attract businesses and economic growth that bring more local jobs.