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/.

                                   1
Camden County

                          Camden
     Community Profile              UEZ District Profile
           population                    active businesses
          77,344                               183
        labor force                      zone employment
          32,112
     per capita income                  4500
                                        4000          4226
         $12,807                        3500
                                        3000
    HS degree or higher                 2500
                                        2000
            62.0%                       1500
     largest occupations                1000
                                                                    143
                                         500
                                                                    295
10,000                                     0
                                                         -41
 8,000                                  -500
                                                    Full time    Part time
 6,000
                                                  New Jobs Created
 4,000
                                                  Existing Jobs
 2,000
    0
                                                  largest sectors


                                                    26           Manufacturing
                                    65                           Wholesale
      local contact:                                      17
                                                                 Retail Trade
     UEZ Coordinator                                             FIRE
                                                    48
 Urban Enterprise Program                17
                                                                 Services
      856-757-7679

                        Gloucester City
         Community Profile                UEZ District Profile
            population                        active businesses
               11,456                                 50
             labor force                      zone employment
                5,717                    700

         per capita income               600
                                         500             191
               $22,718
                                         400
         HS degree or higher                             424
                                         300
                79.0%                                               304
                                         200
         largest occupations             100
                                                                     91
 16,000                                       0
                                                     Full time   Part time
 12,000
                                                    New Jobs Created
  8,000                                             Existing Jobs
  4,000
                                                   largest sectors
     0




                                                   3 3           Manufacturing
                                         14               6      Transportation
          local contact:                                         Wholesale
        UEZ Coordinator                                          Retail Trade
     City of Gloucester City                   22                Services
          856-456-6075

Camden-county-data-demographics-uez

  • 1.
    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/. 1
  • 2.
    Camden County Camden Community Profile UEZ District Profile population active businesses 77,344 183 labor force zone employment 32,112 per capita income 4500 4000 4226 $12,807 3500 3000 HS degree or higher 2500 2000 62.0% 1500 largest occupations 1000 143 500 295 10,000 0 -41 8,000 -500 Full time Part time 6,000 New Jobs Created 4,000 Existing Jobs 2,000 0 largest sectors 26 Manufacturing 65 Wholesale local contact: 17 Retail Trade UEZ Coordinator FIRE 48 Urban Enterprise Program 17 Services 856-757-7679 Gloucester City Community Profile UEZ District Profile population active businesses 11,456 50 labor force zone employment 5,717 700 per capita income 600 500 191 $22,718 400 HS degree or higher 424 300 79.0% 304 200 largest occupations 100 91 16,000 0 Full time Part time 12,000 New Jobs Created 8,000 Existing Jobs 4,000 largest sectors 0 3 3 Manufacturing 14 6 Transportation local contact: Wholesale UEZ Coordinator Retail Trade City of Gloucester City 22 Services 856-456-6075