new jersey business resource center

Urban Enterprise Zone Program

Technology Assistance
Technology Financial Assistance
EDA Assistance

The New Jersey Urban Enterprise Zone Program was created to stimulate economic development and job creation in the State's designated zones. Participating businesses located in these zones are eligible to receive incentives, including sales tax exemptions for building materials, equipment and supplies invested or used at the certified site, corporation tax benefits, and unemployment insurance rebates. Retailers charge only half the current sales tax on most "in person" purchases. Receipts from retail sales are deposited into a Zone Assistance Fund to which zone municipalities may apply for funding for projects within the urban enterprise zones. Over $315 million has been approved from the Zone Assistance Fund for more than 1,000 zone projects. The Program's over 6,500 participating businesses have created over 50,000 full-time jobs and 5,000 part-time jobs since the program's inception in 1984. These companies employ 150,000 full-time employees and project hiring nearly 25,000 employees this coming program year. Companies have invested over $9.9 billion to date in their businesses. They will invest another $1.9 billion in the upcoming program year.

Benefits to Qualified Businesses Include:

  • Reduced Sales tax (3% vs. 6% outside the UEZ)
  • Sales tax exemptions
  • Corporate tax credit for the hiring of certain designated employee groups
  • Subsidized unemployment insurance costs
  • Priority assistance for the Local Development Fund Program

  • For more information, please contact the
    Urban Enterprise Zone Program
    nj logo

    department: njcommerce | njbrc | about njbrc | index by topic
    statewide: nj home | my new jersey | people | business | government | department | search

    Copyright © State of New Jersey, -2002
    New Jersey Commerce & Economic Growth Commission
    P.O. Box 820
    Trenton, NJ 08625-0820
    my new jersey new jersey people new jersey business portal new jersey government departments new jersey commerce commission njbrc home page about njbrc site index privacy noticelegal statement contact us