The Urban Enterprise Zone program was enacted in 1983 to foster economic revitalization in designated urban communities through public and private investment incentives for businesses. The program offers tax reductions and exemptions to encourage job creation and investment. Approximately 6,800 certified businesses participate in UEZ zones across New Jersey. This includes zones in Asbury Park and Long Branch, which provide incentives to local businesses in order to generate new jobs and investment in the communities.

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/.
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2. Monmouth County
Asbury Park
Community Profile UEZ District Profile
population active businesses
16,116 80
labor force zone employment
8,548
600
per capita income
500
$20,368
HS degree or higher 400
206
74.5% 300
largest occupations 273
200 237
2,500
2,000 100
1,500 81
0
1,000 Full time Part time
500
New Jobs Created
0 Existing Jobs
largest sectors
3 Manufacturing
4
17 Wholesale
local contact:
7 Retail Trade
UEZ Coordinator 48
FIRE
Office of Economic Dev
732-502-5749 Services
Long Branch
Community Profile UEZ District Profile
population active businesses
30,719 68
labor force zone employment
18,388 900
800
per capita income 700 224
$30,381 600
602
500 557
HS degree or higher 400
300
78.4% 200
100
largest occupations 0
-105
-100
5,000
-200
4,000 Full time Part time
3,000 New Jobs Created
2,000 Existing Jobs
1,000
0 largest sectors
5 Manufacturing
15
7 Wholesale
5 Retail Trade
local contact: FIRE
33
UEZ Coordinator Services
City of Long Branch
732-923-2040