Welcome to Trenton’s Urban Enterprise Zone (UEZ)—a 2.5 square-mile, commercial and industrial section of the Capital City targeted for economic development! We are very proud to participate in New Jersey’s nationally acclaimed UEZ program, which provides Trenton businesses, residents and consumers financial incentives that are helping drive capital improvements, business expansion and employment in the city.
The New Jersey Legislature created the Urban Enterprise Zone Program in 1983 to help stimulate new economic activity and reduce unemployment within the boundaries of each zone. Trenton was awarded its UEZ designation in 1985. Since that time, the program has successfully served over 900 businesses that have invested millions of dollars in the construction and rehabilitation of new office, commercial and retail space, sports complexes, and other improvements to the city’s landscape.
The mission of the UEZ is to create jobs, bring new business prosperity, and raise the quality of life in our community.
If your business is located within Trenton’s UEZ Zone, you may be eligible to receive thousands of dollars in economic incentives including:
• Pay no sales tax on building materials, services, and most tangible personal property;
• Charge 3.5 percent sales tax on in-person purchases – one-half the normal rate -- making your business a magnet for shoppers;
• Obtain a 50% reduction in unemployment insurance taxes and a one-time corporate tax credit of up to $1,500 for each new permanent full time employee hired;
• Become eligible for priority financial assistance including low-interest loans;
• Network and participate in Trenton UEZ-sponsored programs that can help you grow your business.
Trenton UEZ contacts:
Anthony Carabelli - Economic Development Specialist (609)989-3603
Tom McGough - UEZ Coordinator (609) 989-3508
Specialties
Economic Development, Urban Enterprise Zone, Urban Development
