New Jersey's Urban Enterprise (UEZ) Program, enacted in 1983, is administered by the NJ Urban Enterprise Zone Authority which is in but not of the New Jersey Department of Community Affairs (NJDCA). The UEZ program fosters an economic climate to help revitalize designated urban communities and stimulate their growth by encouraging businesses to develop, grow, and create private sector jobs through public and private investment.
Business incentives are provided to certified zone businesses through employment and investment tax credits, reduced sales tax collections on certain retail sales, and sale tax exemptions on qualified business purchases. The annual cost to the State for this program has averaged $220 million dollars per year over the last several years. “Public Investment” is the reduction in the retail sales tax rate (3.5%), plus effect of the sales tax exemptions on purchases. Data is self-reported by firms. There are 32 zones encompassing 37 municipalities.
Find help enrolling in the Program: UEZ Website at www.nj.gov/dca/affiliates/uez or 877-913-6837 609-292-1912.