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OVERVIEW




                             Urban Enterprise Zones – New Jersey
OVERVIEW
 Enacted in 1983, the Urban Enterprise Zone (UEZ) program fosters economic revitalization in designated urban
 communities by offering incentives that encourage businesses to create private sector jobs through public and private
 investment. Approximately 6,800 certified UEZ businesses participate and benefit from the UEZ program. The benefits
 include a number of tax and other financial incentives, including:
 •       Half the standard sales tax rate charged on certain purchases, currently 3.5%.
 •       Tax exemptions on certain purchases including capital equipment acquired and investments made to build a new,
         expanded or upgraded facility
 •       Annually, either a one-time $1,500 tax credit for each new permanent full-time employee hired; or alternatively, a
         tax credit against the Corporate Business Tax up to 8% of qualified investments
 •       Priority financial assistance from state agencies.
 •       Subsidized unemployment insurance costs for certain employees earning less than $4,500 per quarter.
 •       Electricity and natural gas sales tax exemption by manufacturing firms with at least 250 employees, over 50% of
         whom are in a manufacturing process.
 For more information visit the NJ Department of Community Affairs Forms & Information site, at
 http://www.nj.gov/dca/affiliates/uez/publications/.

                                                                        Essex County

                      East Orange                                                                       Irvington
 Community Profile                       UEZ District Profile                      Community Profile               UEZ District Profile

         population                      active businesses                                 population              active businesses
           64,270                               118                                          53,926                        97
    labor force                          zone employment                              labor force                  zone employment
       33,472                                                                            29,727
                                    1200                                                                      1600
  per capita income                                                                per capita income          1400
                                    1000
       $20,298                                                                          $20,520               1200            500
                                                    318
                                     800
                                                                                                              1000
HS degree or higher                                 720
                                                                                  HS degree or higher                         1007
                                     600                                                                          800
      80.7%                                                   298                       80.9%
                                                                                                                  600
                                     400
                                                              404
largest occupations                  200
                                                                                  largest occupations             400                    44
                                                                                                                  200                    334
9,000                                                                             8,000
                                          0                                                                        0
                                                Full time   Part time             6,000                                   Full time    Part time
6,000
                                               New Jobs Created                   4,000                                  New Jobs Created
3,000                                          Existing Jobs                                                             Existing Jobs
                                                                                  2,000

     0                                        largest sectors                          0                                largest sectors

                                                7             Manufacturing                                                              Manufacturing
                                                                                                                              16
                                                    4
                                         29                                                                       21
                                                              Wholesale                                                                  Wholesale
                                                                                                                                   5
   local contact:                                             Retail Trade          local contact:            2
                                                                                                                                         Retail Trade
                                    13
                                                    62
  UEZ Coordinator                                             FIRE                 UEZ Coordinator                       51              FIRE
Economic Dev Office                                           Services           Township of Irvington                                   Services
   973-266-5432                                                                     973-399-5636
Essex County

                        Newark
  Community Profile                 UEZ District Profile

          population                active businesses
           277,140                         125
     labor force                    zone employment
       130,614
                               2000
  per Capita Income            1800
                               1600
       $17,367                 1400
                                                    351

                               1200                1365
 HS degree or higher
                               1000
       68.1%                    800
                                600                                83
 largest occupations            400                                575
30,000                          200
                                  0
                                               Full time         Part time
20,000
                                             New Jobs Created
10,000                                       Existing Jobs

    0                                    largest sectors

                                               14                  Manufacturing
                                    28
                                                        10         Wholesale
     local contact:                                                Retail Trade
                               23
   UEZ Coordinator                                 47              FIRE
    City of Newark                                                 Services
    973-424-4154



                        Orange
   Community Profile                 UEZ District Profile

          population                 active businesses
            30,134                           71
      labor force                    zone employment
         16,248
                                    700
   per capita income                600
        $19,816                     500             139

  HS degree or higher               400             454
        77.5%                       300
                                    200
  largest occupations                                                54
                                    100
12,000                                                               93
                                         0
  9,000                                         Full time        Part time
  6,000                                       New Jobs Created
                                              Existing Jobs
  3,000

     0                                       largest sectors                        CHOOSE NJ CONTACTS
                                                                                    Tracye McDaniel | President & Chief Executive Officer
                                                                    Manufacturing
                                                                                    Michael Chrobak | Chief Economic Development Officer
                                                    8
                                     12
                                                             8      Wholesale       EconDev@choosenj.com
                                2
                                                                                    609-297-2200 www.ChooseNJ.com
     local contact:                                                 Retail Trade
                                                                                    SOURCES: US Census Bureau; NJ
    UEZ Coordinator                           41                    FIRE
                                                                                    Department of Community Affairs
     UEZ Program                                                    Services
                                                                                    For more detailed community information review our county
     973-866-4061                                                                   profiles at http://www.choosenj.com/resource_directory.html

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  • 1. OVERVIEW Urban Enterprise Zones – New Jersey OVERVIEW Enacted in 1983, the Urban Enterprise Zone (UEZ) program fosters economic revitalization in designated urban communities by offering incentives that encourage businesses to create private sector jobs through public and private investment. Approximately 6,800 certified UEZ businesses participate and benefit from the UEZ program. The benefits include a number of tax and other financial incentives, including: • Half the standard sales tax rate charged on certain purchases, currently 3.5%. • Tax exemptions on certain purchases including capital equipment acquired and investments made to build a new, expanded or upgraded facility • Annually, either a one-time $1,500 tax credit for each new permanent full-time employee hired; or alternatively, a tax credit against the Corporate Business Tax up to 8% of qualified investments • Priority financial assistance from state agencies. • Subsidized unemployment insurance costs for certain employees earning less than $4,500 per quarter. • Electricity and natural gas sales tax exemption by manufacturing firms with at least 250 employees, over 50% of whom are in a manufacturing process. For more information visit the NJ Department of Community Affairs Forms & Information site, at http://www.nj.gov/dca/affiliates/uez/publications/. Essex County East Orange Irvington Community Profile UEZ District Profile Community Profile UEZ District Profile population active businesses population active businesses 64,270 118 53,926 97 labor force zone employment labor force zone employment 33,472 29,727 1200 1600 per capita income per capita income 1400 1000 $20,298 $20,520 1200 500 318 800 1000 HS degree or higher 720 HS degree or higher 1007 600 800 80.7% 298 80.9% 600 400 404 largest occupations 200 largest occupations 400 44 200 334 9,000 8,000 0 0 Full time Part time 6,000 Full time Part time 6,000 New Jobs Created 4,000 New Jobs Created 3,000 Existing Jobs Existing Jobs 2,000 0 largest sectors 0 largest sectors 7 Manufacturing Manufacturing 16 4 29 21 Wholesale Wholesale 5 local contact: Retail Trade local contact: 2 Retail Trade 13 62 UEZ Coordinator FIRE UEZ Coordinator 51 FIRE Economic Dev Office Services Township of Irvington Services 973-266-5432 973-399-5636
  • 2. Essex County Newark Community Profile UEZ District Profile population active businesses 277,140 125 labor force zone employment 130,614 2000 per Capita Income 1800 1600 $17,367 1400 351 1200 1365 HS degree or higher 1000 68.1% 800 600 83 largest occupations 400 575 30,000 200 0 Full time Part time 20,000 New Jobs Created 10,000 Existing Jobs 0 largest sectors 14 Manufacturing 28 10 Wholesale local contact: Retail Trade 23 UEZ Coordinator 47 FIRE City of Newark Services 973-424-4154 Orange Community Profile UEZ District Profile population active businesses 30,134 71 labor force zone employment 16,248 700 per capita income 600 $19,816 500 139 HS degree or higher 400 454 77.5% 300 200 largest occupations 54 100 12,000 93 0 9,000 Full time Part time 6,000 New Jobs Created Existing Jobs 3,000 0 largest sectors CHOOSE NJ CONTACTS Tracye McDaniel | President & Chief Executive Officer Manufacturing Michael Chrobak | Chief Economic Development Officer 8 12 8 Wholesale EconDev@choosenj.com 2 609-297-2200 www.ChooseNJ.com local contact: Retail Trade SOURCES: US Census Bureau; NJ UEZ Coordinator 41 FIRE Department of Community Affairs UEZ Program Services For more detailed community information review our county 973-866-4061 profiles at http://www.choosenj.com/resource_directory.html