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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/.

                                                                    Middlesex County

                            Carteret                                                           North Brunswick
   Community Profile                      UEZ District Profile                   Community Profile           UEZ District Profile

           population                     active businesses                             population           active businesses
             22,844                               95                                      40,742                    113
      labor force                         zone employment                           labor force              zone employment
         11,247                                                                        22,023
                                     3500                                                               4000
    per capita income                3000                                        per capita income      3500
         $25,346                     2500            935
                                                                                      $32,944           3000
                                                                                                                        1280
                                                                                                        2500
  HS degree or higher                2000                                       HS degree or higher
                                                  1984                                                  2000
        80.6%                        1500                                             89.6%                             2073
                                                                                                        1500
                                     1000
  largest occupations                                                            largest occupations    1000                      732
                                      500                     104                                           500
 12,000                                                                        12,000                                             558
                                          0                   246                                            0
  9,000                                         Full time   Part time           9,000                               Full time   Part time
  6,000                                        New Jobs Created                 6,000                              New Jobs Created
                                               Existing Jobs                                                       Existing Jobs
  3,000                                                                         3,000

       0                                      largest sectors                      0                              largest sectors

                                                              Manufacturing                                         8             Manufacturing
                                                 10
                                          16                                                                23           9
                                                       10     Wholesale                                                           Transportation
      local contact:                 13                       Retail Trade          local contact:      7                         Wholesale
     UEZ Coordinator                            37            FIRE                UEZ Coordinator                   59            Retail Trade
Office of Community Dev                                       Services         City of New Brunswick                              FIRE
      732-541-3835                                                                  732-745-5050
Middlesex County

                          Perth Amboy
  Community Profile                               UEZ District Profile

         population                               active businesses
           50,814                                        141
     labor force                                  zone employment
       24,562
                                              3500
  per Capita Income                           3000
       $20,162                                2500
                                                           1453
 HS degree or higher                          2000
       67.0%                                  1500
                                                           1455
                                              1000
 largest occupations
                                               500                     394
12,000                                                                 303
                                                   0
 9,000                                                   Full time   Part time
 6,000                                                  New Jobs Created
                                                        Existing Jobs
 3,000

    0                                                  largest sectors

                                                  27     12            Manufacturing
                                                              13
                                                                       Wholesale
     local contact:                          10                        Retail Trade
   UEZ Coordinator                                       69
                                                                       FIRE
Office of Economic Dev                                                 Services
     732-442-6421




   CHOOSE NJ CONTACTS
   Tracye McDaniel | President & Chief Executive Officer
   Michael Chrobak | Chief Economic Development Officer
   EconDev@choosenj.com
   609-297-2200 www.ChooseNJ.com
   SOURCES: US Census Bureau; NJ
   Department of Community Affairs

   For more detailed community information review our county
   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/. Middlesex County Carteret North Brunswick Community Profile UEZ District Profile Community Profile UEZ District Profile population active businesses population active businesses 22,844 95 40,742 113 labor force zone employment labor force zone employment 11,247 22,023 3500 4000 per capita income 3000 per capita income 3500 $25,346 2500 935 $32,944 3000 1280 2500 HS degree or higher 2000 HS degree or higher 1984 2000 80.6% 1500 89.6% 2073 1500 1000 largest occupations largest occupations 1000 732 500 104 500 12,000 12,000 558 0 246 0 9,000 Full time Part time 9,000 Full time Part time 6,000 New Jobs Created 6,000 New Jobs Created Existing Jobs Existing Jobs 3,000 3,000 0 largest sectors 0 largest sectors Manufacturing 8 Manufacturing 10 16 23 9 10 Wholesale Transportation local contact: 13 Retail Trade local contact: 7 Wholesale UEZ Coordinator 37 FIRE UEZ Coordinator 59 Retail Trade Office of Community Dev Services City of New Brunswick FIRE 732-541-3835 732-745-5050
  • 2. Middlesex County Perth Amboy Community Profile UEZ District Profile population active businesses 50,814 141 labor force zone employment 24,562 3500 per Capita Income 3000 $20,162 2500 1453 HS degree or higher 2000 67.0% 1500 1455 1000 largest occupations 500 394 12,000 303 0 9,000 Full time Part time 6,000 New Jobs Created Existing Jobs 3,000 0 largest sectors 27 12 Manufacturing 13 Wholesale local contact: 10 Retail Trade UEZ Coordinator 69 FIRE Office of Economic Dev Services 732-442-6421 CHOOSE NJ CONTACTS Tracye McDaniel | President & Chief Executive Officer Michael Chrobak | Chief Economic Development Officer EconDev@choosenj.com 609-297-2200 www.ChooseNJ.com SOURCES: US Census Bureau; NJ Department of Community Affairs For more detailed community information review our county profiles at http://www.choosenj.com/resource_directory.html