Carteret Urban Enterprise Program (UEZ)


Urban Enterprise Zone Program (UEZ) was created in 1983 to revitalize the state’s urban communities through the creation of private-sector jobs and public/private investment in targeted areas within these communities. Today, there are 32 UEZs in 37 municipalities. Carteret obtained UEZ Authority approval for inclusion in the UEZ Program January 11, 1995. Use the links below for the NJUEZ Urban Enterprise Zone Program elements on the State of New Jersey, website.

See how you can keep money in your business Bottom Line.

Since the creation of the Carteret UEZ, numerous businesses have participated and taken advantage of the many UEZ program benefits. These companies have invested more than $536,083,394 million in their businesses. Now, there are more than 100 firms that actively employ more then 3,534 full time workers. In excess of 1,200 new jobs have been created through the program investments.


Be sure you know the 5 Top Reasons to Stay in the Carteret UEZ:

1. PASS SAVINGS TO CUSTOMERS AND STAY COMPETITIVE

UEZ qualified retail businesses may charge 50% of the mandated 6.875% NJ sales tax on certain “in person” purchases.

2. INVESTMENT IN CARTERET - COMMUNITY SERVICE

Revenues generated from the 3.4375% sales tax are maintained in a Zone Assistance Fund (ZAF) and are dedicated to use in the zone for certain Small Business Programs and public service projects.

3. KEEP MONEY IN YOUR BUSINESS BOTTOM LINE

Pay no or reduced state sales tax on tangible personal property, material and equipment for your business. Tangible personal property includes items such as office supplies, office or business equipment, office and store furnishings, trade fixtures, cash registers, etc.

4. TAX CREDITS AND MORE TAX CREDITS

UEZ qualified businesses can receive a one-time corporation tax credit of $1,500 for each Carteret resident full-time hire that meets the program criteria, or a corporation tax credit of $500 for hiring a non-Carteret resident that meets the program criteria.

5. COST?....IT'S FREE

 

Listing files in 'Carteret Urban Enterprise Program (UEZ)'



Updated: 7/27/2011 

Additional Links

Contact Information

Memorial Municipal Building
61 Cooke Avenue,
Carteret , NJ 07008 

Phone 732-541-3835/36
Fax 732-541-4989