Businesses located within the East Orange Urban Enterprise Zone are eligible for a variety of significant tax incentives designed to reduce operational costs and encourage investment.
REDUCED SALES
TAX RATE
Businesses can charge a reduced sales tax rate of 3% on eligible sales.
TAX-FREE PURCHASES
Businesses can make tax-free purchases for business supplies, equipment, and capital improvements.
Unemployment Tax Rebates
Eligible businesses may receive rebates on unemployment taxes paid.
Corporate Tax Credits
Various corporate tax credits are available to qualifying businesses.
Facade Improvement Program
Provides financial assistance for businesses to improve the exterior appearance of their commercial properties.
Micro-Business Loans
Offers accessible loan opportunities for small businesses and startups.
The UEZ is a state initiative aimed at revitalizing urban areas through economic incentives. Its primary goals are to stimulate economic growth, create jobs, and improve the quality of life for residents and businesses within designated zones.
PAY HALF THE SALES TAX
Businesses can charge a reduced sales tax rate of 3% on eligible sales.
DISCOUNTS AT LOCAL RESTAURANTS
Businesses can make tax-free purchases for business supplies, equipment, and capital improvements.
WEEKLY FARMERS MARKET IN SUMMERTIME
Eligible businesses may receive rebates on unemployment taxes paid.
SPECIAL DISCOUNTS AT LOCAL RETAILERS
Various corporate tax credits are available to qualifying businesses.
The UEZ program doesn’t only benefit the local businesses and shoppers that take advantage of the program, but the city as a whole.
Economic revitalization
UEZ designation attracts businesses, which leads to increased private investment, job creation for local residents, and revitalization of distressed commercial and industrial areas.
Infrastructure and public safety improvements
A portion of the reduced sales tax is returned to the municipality through the UEZ Assistance Fund.
Job training and workforce development
The UEZ Assistance Fund contributes to programs designed to benefit local workers.
Improved public services
Funds from the program are reinvested into municipal services, improving quality of life for residents.
