Urban Enterprise Zone
The City of Camden was designated as an Urban Enterprise Zone in October 1984. The designation prompted by the New Jersey Urban Enterprise Zone Act of 1983 authorized the provision of tax incentives and other benefits to businesses in targeted distressed urban areas throughout the State of New Jersey. The intended impact of the Urban Enterprise Zone legislation was the revitalization of the State's distressed urban communities through the creation of private sector jobs and investment in targeted urban areas.
In Camden, since the Urban Enterprise Zone's inception, 427 private sector employers have participated in the program, creating 1,683 full-time jobs and investing $446,181,958.
Business Benefits of Locating Within the UEZ include:
- Sales & Use Tax Exemptions
- Reduced Sales Tax
- Employee Tax Credit
- Unemployment Insurance Award
For more information, visit the Urban Enterprise Zone or contact CFP directly.