Urban Enterprise Zone Program (New Jersey)
Last modified on February 12, 2015.
|Applies to States or Provinces||New Jersey|
|Name||Urban Enterprise Zone Program (New Jersey)|
|Policy Category||Financial Incentive|
|Policy Type||Enterprise Zone|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||N.J. Department of Community Affairs|
New Jersey's Urban Enterprise (UEZ) Program operates under the Department of Community Affairs. The UEZ Program exists to foster an economic climate that revitalizes designated urban communities and stimulates their growth by encouraging businesses to develop and create private sector jobs through public and private investment. Applicant businesses must be registered, located in one of the designated zones, be in tax compliance with the state, and certified by the Program.
Eligible businesses benefit from reduced sales tax, tax-free purchases on some items, subsidized unemployment insurance, energy sales tax exemption, and tax credit options.
|Contact Name||UEZ Program Assistance|
|Address||PO Box 822|
|Place||Trenton, New Jersey|