The Urban Enterprise Zone Program was created in 1983 with the goal of stimulating the economy in distressed areas by providing tax relief incentives. In 2018, Governor Murphy reinstated five expired zones which are now set to expire on December 31, 2023. These five urban zones include Bridgeton, Camden, Newark, Plainfield, and Trenton. If your business is located in one of these five urban zones, now is the time to apply to the program. In total, there are 32 Urban Enterprise Zone (UZEs) located in 37 cities. In order to determine whether you are in one of the designated zones, please use this link.
The benefits available to a qualified business in an Urban Enterprise Zone includes:
In order to qualify, the business must be:
Apply online using the UEZ Business Certification System which can be accessed through the State’s Premier Business Services website. The New Jersey Department of Community Affairs has step-by-step instructions on how to register which can be found here. Once a business is accepted, there is a requirement to submit an annual report and apply for recertification every three years.